Kushal Ltd - IPO

Kushal Ltd IPO Details

Public issue of 79,28,000 equity shares of Rs. 10 each (Equity Shares) of Kushal Tradelink Limited (ktl or The Company or The Issuer) for cash at a price of Rs. 35 per share (The Issue Price), aggregating to Rs. 27.75 crores (The Issue), of which, 4,08,000 equity shares of Rs. 10 each will be reserved for subscription by Market Makers to the issue (The Market Maker Reservation Portion). The issue less the Market maker reservation portion i.e. Issue of 75,20,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 33.41% and 31.69%, respectively of the post issue paid up equity Share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price is 3.5 times of the face value.

Objective of issue

Purchase and set up a Corporate House. Long-term working capital requirement. General corporate purposes.

Kushal Ltd Contact Details

Kushal Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - cs@kushallimited.com

Website - www.kushallimited.com