Malaika Appliances Ltd - IPO

Malaika Appliances Ltd IPO Details

Public issue of 12,00,000 equity shares of face value of Rs. 10/- each fully paid up of Malaika Appliances Limited (Malaika or the company or the issuer) for cash at a price of Rs. 24/- per equity share (the issue price) (including a share premium of Rs. 14/- per equity share aggregating Rs. 2.88 crores (the issue) by the company, of which 60,000 equity shares of Rs. 10/- fully paid up each will be reserved for subscription by market maker to the issue (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 11,40,000 equity shares of Rs. 10/- each fully paid up is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.67% and 25.33%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each. The issue price is Rs. 24/-. The Issue price is 2.40 times the face value.

Objective of issue

To meet the working capital requirements.

Malaika Appliances Ltd Contact Details

Malaika Appliances Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - pwi@malaikaappliances.com

Website - www.malaikagroup.in