Maxvolt Energy Industries Ltd - IPO

Maxvolt Energy Industries Ltd IPO Details

Initial public offer of upto 30,00,000 equity shares of face value of Rs.10/- each (the equity shares) of maxvolt energy industries limited (the company or MEIL or the issuer) at an offer price of Rs.[*] per equity share for cash, aggregating up to Rs.[*] crores comprising of fresh offer of up to 24,00,000 equity shares aggregating to Rs.[*] crores (fresh offer) and an offer for sale of up to 6,00,000 equity shares by Ms. Preeti Gupta (selling shareholder) aggregating to Rs.[*] crores (offer for sale) (public offer). The offer includes a reservation of up to [*] 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. net offer of up to [*] equity shares of face value of Rs.10/- each, at an offer price of Rs.[*] per equity share for cash, aggregating upto Rs.[*] crores is herein after 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 equity shares is Rs.10/- each. 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 and the selling shareholder in consultation with the book running lead manager.

Objective of issue

Repayment or prepayment in full or in part of borrowings availed by the company from banks, financial institutions and non-banking financial companies. Funding of capital expenditure requirements of the company towards purchase of plant and machineries. General corporate purposes.

Maxvolt Energy Industries Ltd Contact Details

Maxvolt Energy Industries Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investorrelations@maxvoltenergy.com

Website - www.maxvoltenergy.com