Lakhotia Polyesters (India) Ltd - IPO

Lakhotia Polyesters (India) Ltd IPO Details

Public issue of 14,52,000 equity shares of Rs. 10/- each (Equity Shares) of Lakhotia Polyesters (India) Limited (LPIL or The Company or The Issuer) for cash at price of Rs. 35/- per share (The Issue Price), aggregating to Rs. 5.08 crores (The Issue), of which, 2,20,000 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 12,32,000 equity shares of Rs. 10/- each is hereinafter referred to as the Net Issue. The issue and the Net Issue will constitute 38.82% and 32.93% respectively of the post issue paid up equity share capital of the company.The Face value of equity shares is Rs. 10/-. The issue price is Rs. 35/-.The issue price is 3.50 times of the face value.

Objective of issue

Augmenting of long term working capital req.. General corporate purposes.

Lakhotia Polyesters (India) Ltd Contact Details

Lakhotia Polyesters (India) Ltd, Unit No 1 Luthra Ind, Andheri Kurla Road, Safed Pool Andheri(E, Mumbai - 400 072

Phone - 91-22-2851 5606

Fax - 91-22-2851 2885

Email - info@lakhotiapoly.in

Website - www.lakhotiapoly.in