Business Standard

Navkar Corporation Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

600.00 cr

Price Range (₹)

155

Lot Size

95

Min Investment (₹)

14,725.00

Listing Exchange

MumbaiNSE

Open Date

24-Aug-2015

Close Date

26-Aug-2015

Listing Date

09-Sept-2015

Navkar Corporation Ltd News

    The Shares of Navkar Corporation Ltd have now been listed.

    Navkar Corporation Ltd IPO Details

    Initial public offering of 38709676 equity shares of face value of Rs.10 each (the equity shares) of Navkar Corporation Limited (NCL or the company or the issuer) for cash at a price of Rs. 155 per equity share (including a share premium of Rs. 145 per equity share) (The offer price) aggregating to Rs. 600 crore (The offer). The offer comprises a fresh issue of 32,903,225 equity shares aggregating to Rs. 510 crore by the company (The fresh issue) and an offer for sale of 5,806,451 equity shares aggregating to Rs. 90 crore by Sidhhartha Corporation Private Limited (The selling shareholder) (The offer for sale). The offer shall constitute 27.14% of the post-offer paid-up equity share capital of the company.The Offer Price is Rs. 155 per equity shares of face value of Rs. 10 each.The offer price is 15.5 times the face value.

    Objective of issue

    Capacity enhancement of the somathane CFS. Development of the non-notified areas of CFSs. Estabilishment of a logistics park at Valsad (near.

    Navkar Corporation Ltd Contact Details

    Navkar Corporation Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - cs@navkarcorp.com

    Website - www.navkarcorp.com