Kwick Forensic Solutions Ltd - IPO

Kwick Forensic Solutions Ltd IPO Details

Public offer of 56,41,600 equity shares of face value of Rs. 10 each (Equity Shares) of Kwick Forensic Solutions Limited (the Company or the Issuer) for cash at a price of Rs. 85-90 per equity share (the Offer Price) aggregating to Rs. 47.95-50.77 Crores (the Offer) comprising of a fresh issue of 45,61,600 equity shares aggregating to Rs. 38.77-41.05 Crores (the Fresh Offer) and an offer for sale of up to 10,80,000 equity shares by Shammer Saralal Shah, Sejal Shammer Shah and Tulsidas Hinduja Ashok Kumar (the Promoter Selling Shareholders) aggregating to Rs. 9.18-9.72 Crores (Offer for Sale) of which 2,83,200 shares aggregating to Rs. 2.41-2.55 Crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The public offer less the market maker reservation portion i.e. Net offer of 53,58,400 equity shares aggregating to Rs. 45.55-48.23 Crores (the Net Offer). The public offer and the net offer will constitute 26.32% and 25.00% respectively of the post offer paid up equity share capital of the company.Price Band: Rs. 85/- to Rs. 90/- per equity share of face value Rs. 10/- each.The floor price is 8.50 times of the face value and the cap price is 9.00 times of the face value of the equity shares.Bids can be made for a minimum of 3,200 equity shares and in multiples of 1,600 equity shares thereafter.

Objective of issue

Funding the Working Capital requirement of the company. General Corporate Purposes.

Kwick Forensic Solutions Ltd Contact Details

Kwick Forensic Solutions Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@kwickforensic.com

Website - https:, kwickforensic.com