Lancer Containers Lines Ltd - IPO

Lancer Containers Lines Ltd IPO Details

Public issue of 15,40,000 equity shares of face value of Rs. 10 each (Equity Shares) of Lancer Container Lines Limited (The Company or The Issuer) for cash at a price of Rs. 12 per equity share, including a share premium of Rs. 2 per equity share (The Issue Price), aggregating Rs. 1.85 crores (The Issue), of which 80,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 12 per equity share, aggregating Rs. 0.10 crores will be reserved for subscription by the market maker to the issue (The Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 14,60,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 12 per equity share, aggregating Rs. 1.75 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.97% and 25.57% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each.The Issue price is 1.2 times of the face value.

Objective of issue

Procurement of new containers. General corporate purposes.

Lancer Containers Lines Ltd Contact Details

Lancer Containers Lines 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 - secretarial@lancerline.com

Website - www.lancerline.com