Business Standard

NIBE Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

5.10 cr

Price Range (₹)

40

Lot Size

3000

Min Investment (₹)

1,20,000.00

Listing Exchange

BSE - SME

Open Date

20-Feb-2013

Close Date

22-Feb-2013

Listing Date

12-Mar-2013

NIBE Ltd News

    The Shares of NIBE Ltd have now been listed.

    NIBE Ltd IPO Details

    Public issue of 12,75,000 equity shares of Rs. 10/- each (Equity Shares) of kavita Fabrics Limited (KFL or The Company or The Issuer) for cash at price of Rs. 40/- per share (The Issue Price), aggregating to Rs. 5.10 crores (The Issue), of which, 2,07,000 equity shares of Rs. 10/- each will be reserved for subscription by Market Makers to the issue (The Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. The issue of 10,68,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 36.71% and 30.75% respectively of the post issue paid up equity share capital of the company.The face value of equity shares is Rs. 10. The issue price is Rs. 40.The issue price is 4 times of the face value.

    Objective of issue

    To meet long-term working capital requirement. To meet General Corporate expenses.

    NIBE Ltd Contact Details

    NIBE Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

    Phone - 91-22-40430200/28470652

    Fax - 91-22-28475207

    Email - cs@nibelimited.com

    Website - www.nibelimited.com