Neel Metal Products Ltd - IPO

Neel Metal Products Ltd IPO Details

Public issue of up to 52,51,000 equity shares of Rs. 10 each (equity shares) for cash at a price of Rs.[*] per equity share aggregating Rs. [*] Crores (the issue) by Neel Metal Products Limited (the company). The issue comprises a net issue of 4,988,450 equity shares (net issue) and a reservation of up to 2,62,550 equity shares for eligible employees (the employee reservation portion). The issue less the employee reservation portion is referred to as the net issue. The issue will constitute 35% of the fully diluted post issue paid-up equity share capital of the company. The net issue will constitute 33.25% of the fully diluted post-issue equity share capital of the company.Price band: Rs.[*] to Rs.[*] per equity share of face value Rs. 10The face value of the equity shares is Rs.10 and the floor price is [*] times of the face value and the cap price is [*] times of the face value.

Objective of issue

Neel Metal Products Ltd Contact Details

Neel Metal Products Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

Phone - 91-040-44655185/44655000

Fax - 91-040-23420814/23420857

Email - vgupta_ipo@neelmetal.com

Website - www.neelmetal.com