Business Standard

Macpower CNC Machines Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

36.61 cr

Price Range (₹)

140

Lot Size

1000

Min Investment (₹)

1,40,000.00

Listing Exchange

NSE - SME

Open Date

12-Mar-2018

Close Date

14-Mar-2018

Listing Date

22-Mar-2018

Macpower CNC Machines Ltd News

    The Shares of Macpower CNC Machines Ltd have now been listed.

    Macpower CNC Machines Ltd IPO Details

    Initial public offer consisting of fresh issue of upto 26,15,000 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 140 per equity share (the issue price) (including a share premium of Rs. 130 per equity share) aggregating up to Rs. 36.61 crores (the issue), of which upto 1,53,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 140/- per equity share, aggregating Rs. 2.14 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 upto 24,62,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 10/- per equity share, aggregating Rs. 34.47 crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 26.66% and 25.10% respectively of the fully diluted post issue paid up equity share capital of the company.Offer Price is Rs. 140 per equity share of face value of Rs. 10 each.The Offer price is 14 times the face value.

    Objective of issue

    Setting up backward integration facility. General corporate purpose.

    Macpower CNC Machines Ltd Contact Details

    Macpower CNC Machines Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - info@macpowercnc.com

    Website - www.macpowercnc.com