Mehul Telecom Ltd - IPO

Mehul Telecom Ltd IPO Details

Initial public issue of upto 30,00,000 equity shares of face value of Rs. 10/- each of Mehul Telecom Limited (Mehul or the Company or the Issuer) for cash at a price of Rs. [*]/- per equity share including a premium of Rs. [*]/- per equity share (the Issue Price) aggregating to Rs. [*] crores (the Issue), of which up to 1,50,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*]/- per equity share including a 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 28,50,000 equity shares of face value of Rs. 10/- each at a price of Rs.[*]/- per equity share including a 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 upto [*]% 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

Funding of working capital needs.. General corporate purposes.

Mehul Telecom Ltd Contact Details

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

Phone - 91 40 6716 2222/18003094001

Fax -

Email - info@mehultelecom.com

Website - www.mehultelecom.com