Milan Ginning & Pressing Ltd - IPO

Milan Ginning & Pressing Ltd IPO Details

Initial public offer of upto [*]* equity shares of face value of Rs. 10/- each (Equity Shares) of the company at an offer price of Rs. [*] per equity share (Including a Share Premium of Rs. [*] per Equity Share) for cash, aggregating up to Rs. [*] crores (Public Offer) comprising a fresh issue of upto [*] equity shares of face value of Rs. 10/- each aggregating to Rs. 76.00 crores (the Fresh Issue) and an offer for sale of upto 3,72,500 equity shares of face value of Rs. 10/- each comprising of 1,86,250 equity shares of face value of Rs. 10/- each by Mohmmadhasnein Husenali Narsinh and upto 1,86,250 equity shares of face value of Rs. 10/- each by Husenali Yusufali Narsinh (the Selling Shareholders or Promoter Selling Shareholders) (Offer for Sale) aggregating to Rs. [*] crores, out of which [*] 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. offer of [*] equity shares of face value of Rs. 10/- each of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores is hereinafter 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 price band and the minimum bid lot will be decided by the company.

Objective of issue

Investment in our Subsidiary for financing Proposed Project. Funding Company's incremental working capital requirements. General corporate purposes(1).

Milan Ginning & Pressing Ltd Contact Details

Milan Ginning & Pressing Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@milangroupindia.com

Website - www.milangroupindia.com