MTE Structures Ltd - IPO

MTE Structures Ltd IPO Details

Initial public offer of upto 43,60,000 equity shares of face value of Rs. 10/- each (equity shares) of MTE Structures Limited (the company or MTE Structure or issuer) at an offer price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating upto Rs. [*] crores (public offer) comprising a fresh issue of upto 37,06,000 equity shares aggregating to Rs. [*] crores (the fresh issue) and an offer for sale of upto 2,18,000 equity shares by Hiren Arvindbhai Patel, upto 2,18,000 equity shares by Janak Bharat Amin and upto 2,18,000 equity shares by Tejaskumar Patel (the promoter selling shareholders) aggregating upto 6,54,000 equity shares by the 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, at an offer price of Rs. [*] per equity share for cash, aggregating upto 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

Funding working capital requirements of the company. General Corporate Purpose.

MTE Structures Ltd Contact Details

MTE Structures Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@mtegroup.in

Website - https:, mtegroup.in