Maagh Advertising & Marketing Services Ltd - IPO

Maagh Advertising & Marketing Services Ltd IPO Details

Public issue of 15,20,000 equity shares of face value of Rs. 10.00 each of Maagh Advertising and Marketing Services Limited (The Company or The Issuer) for cash at a price of Rs. 60.00 per equity share (including a share premium of Rs. 50.00 per equity share) (Issue Price) aggregating to Rs. 9.12 crores (The Issue). Of the issue, 76,000 equity shares aggregating to Rs. 0.46 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 14,44,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 60.00 per equity share aggregating to Rs. 8.66 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 46.34% and 44.02%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10.00 each and the issue price of Rs. 60.00 is 6.00 times of the face value.Bids can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.

Objective of issue

Funding capital expenditure requirements of the company. Purchase of media inventory. General corpoate purposes.

Maagh Advertising & Marketing Services Ltd Contact Details

Maagh Advertising & Marketing Services Ltd, Office No 106 & 107, Dattani Plaza, Andheri Safedpul, Mumbai-400072

Phone - 022-28520461/462

Fax -

Email - info@maaghadvertising.in

Website - www.maaghadvertising.in