Lark Non Ferrous Metals Ltd - IPO

Lark Non Ferrous Metals Ltd IPO Details

Public issue of 8,52,000 equity shares of face value of Rs. 10.00 each of Lark Non Ferrous Metals Limited (the company or the issuer) for cash at a price of Rs. 25.00 per equity share (including a share premium of Rs. 15.00 per equity share) (issue price) aggregating to Rs. 2.13 crores (the issue), of which 48,000 equity shares of face value Rs. 10.00 each at a price of Rs. 25.00 per equity share (including a share premium of Rs. 15.00 per equity share) aggregating to Rs. 0.12 crores shall be reserved for subsrciption by market maker to the issue (the market makers reservation portion). The issue less the market maker reservation portion i.e. Issue of 8,04,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 25.00 per equity share (including a share premium of Rs. 15.00 per equity share) aggregating to Rs. 2.01 crores (net issue). The issue and the net issue will constitute 26.54% and 25.04% respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10.00 per equity share and the issue price is Rs. 25.00. The issue price is 2.5 times of the face value.

Objective of issue

To meet working capital requirement.

Lark Non Ferrous Metals Ltd Contact Details

Lark Non Ferrous Metals Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - larkindiakolkata@gmail.com

Website - www.larkindia.com