Nanavati Ventures Ltd - IPO

Nanavati Ventures Ltd IPO Details

Initial Public Issue of 4,38,000 equity shares of face value of Rs. 10 each (equity shares) of Nanavati Ventures Limited (the company or the issuer company) for cash at a price Rs. 50 per equity share (including a share premium of Rs. 40 per equity share) (issue price) aggregating to Rs. 2.19 Crores (the issue), of which 24,000 equity shares of face value of Rs. 10 each for a cash price of Rs. 50 per equity share, aggregating to Rs. 0.12 Crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 4,12,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 50 per equity share aggregating to Rs. 2.06 Crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 26.49% and 25.03%, respectively of the 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. 50 i.e. 5.00 times of the face value. Bids can be made foa a minimum of 3000 equity shares and in multiples of 3000 equity shares thereafter.

Objective of issue

To Meet Working Capital Requirements. General Corporate Purpose.

Nanavati Ventures Ltd Contact Details

Nanavati Ventures Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@nventures.co.in

Website - www.nventures.co.in