KKV Agro Powers Ltd - IPO

KKV Agro Powers Ltd IPO Details

Public issue of 1,12,000 equity shares of Face value of Rs.10/- each fully paid up of KKV Agro Powers Ltd (KKVAPL or the company or the issuer) for cash at a price of Rs.320/- per equity share (The issue price) (including a share premium of Rs.310/- per equity share aggregating Rs.3.58 Crores (The Issue) by the company, of which 5,600 equity shares of Rs.10/- fully paid up each will be reserved for subscription by market maker to the issue (Market maker reservation portion). The issue less the market maker reservation portion i.e. issue of 1,06,400 equity shares of face value of Rs.10/- each fully paid up for cash at a price of Rs.320 per equity share, aggregating to Rs.3.40 Crores (hereinafter referred to as the net issue). The issue and the net issue will constitute 30.87% and 29.33% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs.10/- each and The issue price is 32 times of the face value of the equity share.

Objective of issue

Setting up 0.8 MW Wind Energy Project in TN. Erection of 33 KV Electricity Transmission Line. Repayment of Term Loan availed from Indian Bank. General Corporate Purposes.

KKV Agro Powers Ltd Contact Details

KKV Agro Powers Ltd, Surya 35 Mayflower, Avenue Sowripalayam, Road, Coimbatore - 641 028

Phone - 91-422-4958995/836

Fax -

Email - cs@kkvagropowers.com

Website - www.kkvagropowers.com