Marc Technocrats Ltd - IPO

Marc Technocrats Ltd IPO Details

Initial public offering up to 45,79,200 equity shares of Rs. 10/- each (equity shares) of Marc Technocrats Limited (MTL orthe company) for cash at a price of Rs. [*]/- per equity share (the issue price), aggregating to Rs. [*] crores (the issue),comprising a fresh issue of up to 36,69,600 equity shares aggregating to Rs. [*] crores by the company (fresh issue) and an offer for sale of up to 9,09,600 equity shares by Hitender Kumar (promoter and selling shareholders) aggregating to Rs. [*] crores (offer for sale). Out of the issue, 2,38,800 equity shares aggregating to Rs. [*] crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. 43,40,400 issue of equity shares of face value of Rs. 10/- each at an issue price of Rs. [*]/- per equity share aggregating to Rs. [*] crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.45% and 25.07%, respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 88/- to Rs. 93/- per equity share of face value Rs. 10/- each.The floor price is 8.8 times the face value and cap price is 9.3 times the face value of equity shares. Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.

Objective of issue

Funding capital expenditure requirements for the purchase of equipment/machineries. Working capital requirements. General corporate purposes.

Marc Technocrats Ltd Contact Details

Marc Technocrats Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - investorrelations@mtplonline.in

Website - www.mtplonline.in