Mahamaya Lifesciences Ltd - IPO

Mahamaya Lifesciences Ltd IPO Details

Initial public offer of up to 61,78,800 equity shares of face value of Rs. 10/- each (equity shares) of Mahamaya Lifesciences Limited (MLL or the company) for cash at price of Rs. 114/- per equity share (including a share premium of 104/- per equity share) (the offer price), aggregating up to Rs. 70.44 crores (the offer), comprising a fresh offer of upto 56,38,800 equity shares aggregating to Rs. 64.28 crores (the fresh offer) and an offer for sale of upto 5,40,000 equity shares (the offered shares) of face value of Rs. 10/- each aggregating up to Rs. 6.16 crores (offer for sale) comprising of 3,70,000 equity shares aggregating up to Rs. 4.22 crores by Krishnamurthy Ganesan and 1,70,000 equity shares aggregating up to Rs. 1.94 crores by Lalitha Krishnamurthy (collectively referred to as the selling shareholders) out of which 3,09,600 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 114/- per equity share for cash, aggregating up to Rs. 3.53 crores will be reserved for subscription by the market maker to the offer ( the market maker reservation portion). The offer less market maker reservation portion i.e. net offer of 58,69,200 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 114/- per equity share for cash, aggregating up to Rs. 66.91 crores is hereinafter referred to as the net offer. The offer and net offer will constitute 26.40% and 25.08% respectively of the post-offer paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Purchase of equipment for existing formulation plant. Funding capital expenditure towards setting up of a new technical manufacturing plant. Construction of warehouse building and purchase of machinery. Funding working capital requirement of the company. General corporate purposes.

Mahamaya Lifesciences Ltd Contact Details

Mahamaya Lifesciences Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@mahamayalifesciences.com

Website - https:, www.mahamayalifesciences.com