Monarch Apparels India Ltd - IPO

Monarch Apparels India Ltd IPO Details

Public issue of 45,50,000 equity shares of Rs. 10/- each of Monarch (Apparels) India Limited for cash at a price of Rs. 11/- per equity share (including a share premium of Re. 1 per equity share) aggregating to Rs. 5.01 crores (issue) of which 2,50,000 equity shares of Rs. 10/- each shall be reserved for subsrciption by market makers to the issue (the market makers reservation portion). The issue less the market maker reservation portion i.e. Issue of 43,00,000 equity shares of Rs. 10/- each is hereinafter referred to as the net issue. The issue and the net issue will constitute 28.83% and 27.25%, respectively of the post-issue paid-up equity share capital of our company.The face value of the equity shares is Rs. 10 per equity share and the issue price is 1.1 times the face value.

Objective of issue

Long Term Working Capital Requirements. General Corporate Purposes.

Monarch Apparels India Ltd Contact Details

Monarch Apparels India 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 - ipo@monarchapparels.com

Website - www.monarchapparels.com