Maxwell Engineering Solutions Ltd - IPO

Maxwell Engineering Solutions Ltd IPO Details

Initial public issue of upto 36,50,000 equity shares of face value of Rs. 10/- each of Maxwell Engineering Solutions Limited (MESL or the company or the issuer) for cash at a price of Rs. [*]/- per equity share including a share premium of Rs.[*]/- per equity share (the issue price) aggregating to Rs. [*] crores (the issue), of which [*] equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. net issue of [*] equity shares of face value of Rs. 10/- each at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] crores is herein after referred to as the net issue. The issue and the net issue will constitute [*]% and [*]%, 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 price band and the minimum bid lot will be decided by the company.

Objective of issue

Financing the capital expenditure requirement towards Purchase of New Machineries & Other utilities for the Manufacturing Facility. Financing the capital expenditure requirement for construction of New Office Building and Manufacturing facility. Repayment / prepayment, in full or part, of certain outstanding borrowings availed by the Company. Funding working capital requirements of the Company. General corporate purposes.

Maxwell Engineering Solutions Ltd Contact Details

Maxwell Engineering Solutions Ltd, 301 The Centrium, 3rd Flr 57 LBS, Nav Pada Kurla(W), Mumbai-400 070

Phone - 91 40 6716 2222/18003094001

Fax -

Email - cs@maxwells.in

Website - www.maxwells.in