Kanishk Aluminium India Ltd - IPO

Kanishk Aluminium India Ltd IPO Details

Initial public offering of 40,00,000 equity shares of face value of Rs.10/- each (Equity Shares) of Kanishk Aluminium India Limited (The Company or The Issuer) for cash at a price of Rs. 73/- per equity share (Including a Premium of Rs. 63/- per Equity Share) (Issue Price) Aggregating to Rs. 29.20 crores comprising of fresh issue of 40,00,000 equity shares (The Issue) of which 2,00,000 equity shares aggregating to Rs. 1.46 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 38,00,000 equity shares at the issue price aggregating to Rs. 27.74 (Net Issue). The issue and the net issue will constitute 29.76% and 28.27 % of the post-issue paid-up equity share capital of the company.Price Band: Rs. 73 per equity share of face value Rs. 10/- each.The floor price is 7.3 times of the face value of the equity shares.Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.

Objective of issue

Repayment / pre-payment, in full or part, of certain borrowings availed by our Company. Branding and Promotion of Company brand, `Baari by Kanishk',. General corporate purposes.

Kanishk Aluminium India Ltd Contact Details

Kanishk Aluminium India Ltd, 301 The Centrium, 3rd Flr 57 LBS, Nav Pada Kurla(W), Mumbai-400 070

Phone - 91 40 6716 2222/18003094001

Fax -

Email - cs@kanishkindia.co.in

Website - https:, kanishkindia.co.in