Mewar Hi-Tech Engineering Ltd - IPO

Mewar Hi-Tech Engineering Ltd IPO Details

Public issue of 10,62,000 equity shares of face value of Rs. 10 each (Equity Shares) of Mewar Hi-Tech Engineering Limited (The Company or The Issuer) for cash at a price of Rs. 22 per equity share, including a share premium of Rs. 12 per equity share (The Issue Price), aggregating Rs. 2.34 crores (The Issue), of which 60,000 equity shares of face value Rs. 10 each for cash at a price of Rs. 22 per equity share, aggregating Rs. 0.13 crores will be reserved for subscriptions by the market maker to the issue (The Market Maker Reservation Portion). The issue less market maker reservation i.e. issue of 10,02,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 22 per equity share, aggregating Rs. 2.20 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.21% and 25.67% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price of Rs. 22 is 2.2 times of the face value of the equity shares.

Objective of issue

Working Capital Requirement. General Corporate purpose.

Mewar Hi-Tech Engineering Ltd Contact Details

Mewar Hi-Tech Engineering 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 - investor@kingsoncrusher.com

Website - www.mewarhitech.com