Navoday Enterprises Ltd - IPO

Navoday Enterprises Ltd IPO Details

Public issue of 23,04,000 equity shares of face value of Rs. 10.00 each of Navoday Enterprises Limited (The Company or The Issuer) for cash at a price of Rs. 20 per equity share (including a share premium of Rs. 10 per equity share) (Issue Price) aggregating to Rs. 4.61 crores (The Issue). Of the issue, 1,20,000 equity shares aggregating to Rs. 0.24 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 21,84,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 20 per equity share aggregating to Rs. 4.37 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 59.78% and 56.67%, respectively of the post issue paid up equity share capital of the company.Fixed Price Issue at Rs. 20 per equity share. The Issue price of Rs. 20 is 2 times of the face value.The face value of Equity Shares is Rs. 10 each.

Objective of issue

Meeting additional working capital requirements. General corporate purpose.

Navoday Enterprises Ltd Contact Details

Navoday Enterprises Ltd, Unit-49 Bldg-13 AB, Off Andheri Kurla Rd, MTNL Lane Sakinaka, Mumbai-400072

Phone - 91-22-28520461

Fax -

Email - info@navodayenterprise.com

Website - https://www.navodayenterprise.in/index.html