Business Standard

KBC Global Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

77.40 cr

Price Range (₹)

180

Lot Size

80

Min Investment (₹)

14,400.00

Listing Exchange

MumbaiNSE

Open Date

16-Mar-2018

Close Date

21-Mar-2018

Listing Date

02-Apr-2018

KBC Global Ltd News

    The Shares of KBC Global Ltd have now been listed.

    KBC Global Ltd IPO Details

    Public issue of 43,00,000 equity shares of face value of Rs. 10 each (the equity shares) of Karda Constructions Limited (the company or issuer) for cash at a price of Rs. 180 per equity share (including a share premium of Rs. 180 per equity share) aggregating to Rs. 77.40 Crores (the issue) comprising of a fresh issue of 23,00,000 equity shares by the company aggregating up to Rs. 41.40 Crores (the fresh issue) and an offer for sale of 20,00,000 equity shares by Mr. Naresh Karda (referredto as the selling shareholder) aggregating to Rs. 36 Crores (offer for sale). the issue would constitute 34.96%, of the post-issue paid-up equity share capital.The face value of equity shares is Rs.10 each.The issue price is Rs.180 per equity share which is 18 times the face value of the equity share.

    Objective of issue

    Part repayment of overdraft facilities. Part repayment of term loans. General corporate purpose.

    KBC Global Ltd Contact Details

    KBC Global Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - admin@kardaconstruction.com

    Website - www.kardaconstruction.com