Business Standard

Niraj Cement Structurals Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

61.75 cr

Price Range (₹)

190

Lot Size

30

Min Investment (₹)

5,700.00

Listing Exchange

Mumbai

Open Date

26-May-2008

Close Date

30-May-2008

Listing Date

19-Jun-2008

Niraj Cement Structurals Ltd News

    The Shares of Niraj Cement Structurals Ltd have now been listed.

    Niraj Cement Structurals Ltd IPO Details

    Public issue of 32,50,000 equity shares of Rs.10/- each for cash at a price of Rs.190/- per equity share(Including a Premium of Rs.180/- per Equity Share) aggregating Rs.61.75 Crores (hereinafter referred to as the issue) by Niraj Cement Structurals Limited (hereinafter referred to as NCSL or the company or the issuer). The issue comprises a reservation for eligible employees of 3,25,000 equity shares of Rs.10/- each, for cash at a issue price of Rs.190/- per Equity Share (Including a Premium of Rs.180/- per equity share) and net issue to the public of 29,25,000 equity shares of Rs.10/- each (hereinafter referred to as the net issue). The issue would constitute 31.42% of the total post issue paid-up equity capital of the company. Issue Price is Rs.190/-per equity share of Rs.10/- eachThe issue price is 19 times the face value

    Objective of issue

    Investment in Capital Equipment. Funding Long Term working Capital requirements. General Corporate Purposes.

    Niraj Cement Structurals Ltd Contact Details

    Niraj Cement Structurals Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - info@niraj.co.in

    Website - www.niraj.co.in