MRC Infracon Ltd - IPO

MRC Infracon Ltd IPO Details

Initial public offer of upto 55,00,000 equity shares of face value of Rs. 10/- each of MRC Infracon Limited (MRC 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 Offer Price) comprising of a fresh issue of 45,00,000 equity shares at a price of Rs. [*] aggregating to Rs. [*] Crore (theFresh Issue) and an offer for sale of 10,00,000 equity shares by the promoter selling shareholders (Offer For Sale) at a price of Rs. [*] aggregating to Rs.[*] Crore (The Offer), 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. [*] Crore will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer 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. [*] Crore is herein after referred to as the Net Offer. The offer and the net offer will constitute upto [*]% and [*]%, respectively, of the post offer 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 the capital expenditure requirements of the Company towards purchase of construction equipment. Funding working capital requirements of the Company. General corporate purposes.

MRC Infracon Ltd Contact Details

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

Phone - 91 40 6716 2222/18003094001

Fax -

Email - compliance@mrcgroup.in

Website - www.mrcgroup.in