Business Standard

Krishana Phoschem Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

19.73 cr

Price Range (₹)

30

Lot Size

4000

Min Investment (₹)

1,20,000.00

Listing Exchange

NSE - SME

Open Date

13-Feb-2017

Close Date

16-Feb-2017

Listing Date

27-Feb-2017

Krishana Phoschem Ltd News

    The Shares of Krishana Phoschem Ltd have now been listed.

    Krishana Phoschem Ltd IPO Details

    Initial public offer of 65,76,000 equity shares of face value of Rs. 10.00 each of Krishana Phoschem Limited (The company) for cash at a price of Rs. 30 per equity share (including a share premium of Rs. 20 per equity share) (Offer Price) aggregating to Rs. 19.73 crores (The offer) through an offer for sale by Mahendra Kumar Ostwal, Pankaj Ostwal HUF, Praveen Ostwal HUF, Chunri Prints Pvt. Ltd., Paneri Textiles Pvt. Ltd, Archid Products Pvt. Ltd, Mrs. Nitu Ostwal, Mrs. Ekta Jain, Mr. Pankaj Ostwal, Mahendra Kumar Ostwal HUF, Seasons Agro Chem India Pvt. Limited, Madhya Bharat agro products Limited, of which 3,36,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 30 per equity share, aggregating to Rs. 1.01 crores will be reserved for subscription by market maker (market maker reservation portion). The offer less the market maker reservation portion i.e. Offer of 62,40,000 equity shares of face value of Rs. 10.00 each at an offer price of Rs. 30 per equity share aggregating to Rs. 18.72 crores (The Net Offer). The offer and the net offer will constitute 26.41% and 25.06%, respectively of the post offer paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the offer price is Rs. 30 each. The offer price is 3 times of the face value.

    Objective of issue

    Listing fees on Stock Exchanges.

    Krishana Phoschem Ltd Contact Details

    Krishana Phoschem Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - secretarial@krishnaphoschem.com

    Website - www.krishnaphoschem.com