Narmadesh Brass Industries Ltd - IPO

Narmadesh Brass Industries Ltd IPO Details

Initial public offering of 8,71,200 equity shares of face value of Rs. 10/- each (Equity Shares) of Narmadesh Brass Industries Limited (The Company or The Issuer Company) for cash at a price Rs. 515 per equity share (The Offer Price) aggregating to Rs. 44.87 crores, the offer consisting of fresh issue of 7,00,800 equity shares aggregating to Rs. 36.09 crores (Fresh Issue) and an offer for sale of 1,70,400 equity shares by the selling shareholder aggregating to Rs. 8.78 crores (The Selling Shareholder) (The Offer for Sale, and Together With the Fresh Issue, the Offer), of which 45,600 equity shares of face value of Rs. 10/- each for a cash price of Rs. 515 per equity share, aggregating to Rs. 2.35 crores will be reserved for subscription by market maker ( The Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of 8,25,600 equity shares of face value of Rs. 10/- each at an offer price of Rs.515 /- per equity share aggregating to Rs. 42.52 crores ( Is Hereinafter Referred to as The Net Offer). The offer and net offer will constitute 28.10% and 26.63%, respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 515 per equity share of face value Rs.10/- each.The floor price is 51.5 times of the face value of the equity shares.Bids can be made for a minimum of 480 equity shares and in multiples of 240 equity shares thereafter.

Objective of issue

Repayment/ prepayment, in full or in part, of certain outstanding borrowings. Purchase of machinery and equipment. Funding Working capital requirements. General Corporate Purpose.

Narmadesh Brass Industries Ltd Contact Details

Narmadesh Brass Industries Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@narmadeshbrass.com

Website - www.narmadeshbrass.com