Maharaja & Speedex India Ltd - IPO

Maharaja & Speedex India Ltd IPO Details

Initial public offer of upto 50,00,000* equity shares of face value of Rs. 10/- each (Equity Shares) of Maharaja & Speedex India limited (The Company or The Issuer) at an offer price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash,aggregating up to Rs. [*] Crores (Public Offer) comprising a fresh issue of upto 40,00,000 equity shares of face value of Rs. 10 each aggregating to Rs. [*] Crores (the Fresh Issue) and an offer for sale of upto 10,00,000 equity shares of face value of Rs. 10 each comprising of [*] equity shares of face value of Rs. 10 each by [*] and upto [*]equity shares of face value of Rs. 10 each by [*] (the Selling Shareholders or Promoter Selling Shareholders) (Offer For Sale) aggregating to Rs. [*] Crores, out of which [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] Crores will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e. Offer of [*] equity shares of face value of Rs. 10 each, at an offer price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] Crores is hereinafter referred to as the Net Offer. The public offer and net offer will constitute [*]% and [*]% respectively of the post- offer paid-up equity share capital of the company.The face value of the equity share is Rs. 10/- each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company and its subsidiary from banks. Funding of capital expenditure towards purchase of plant and machineries at the existing manufacturing facility of the wholly-owned subsidiary. General Corporate Purposes.

Maharaja & Speedex India Ltd Contact Details

Maharaja & Speedex India Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - apvca@rediffmail.com