Om Power Transmission Ltd - IPO

Om Power Transmission Ltd IPO Details

Initial public offering of up to 1,00,00,000 equity shares of face value of Rs. 10/- each (equity shares) of Om Power Transmission Limited (formerly known as Om Power Transmission Private Limited) (company or issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (offer price) aggregating up to [*] crores comprising of a fresh issue of up to 90,00,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. [*] crores (fresh issue) and an offer for sale of up to 10,00,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. [*] crores comprising an offer of up to 3,50,000 equity shares of face value of Rs. 10/- each aggregating up to Rs.[*] crores by Kalpesh Dhanjibhai Patel and up to 3,50,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. [*] crores by Kanubhai Patel and up to 300,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. [*] crores by Vasantkumar Narayanbhai Patel (collectively the promoter selling shareholders, and such equity shares offered by the promoter selling shareholders, the offered shares) (offer for sale, and together with the fresh issue, the offer). The offer shall constitute [*]% of the post-offer paid up equity share capital of the company. The company, in consultation with the brlm, may consider an issue of equity shares, as may be permitted under applicable law, to any person(s), at its discretion, prior to filing of the (pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule19(2)(b) of the securities contracts (Regulation) Rules, 1957. The utilisation of the proceeds raised pursuant to the pre-ipo placement will be done towards the objects of the offer in compliance with applicable law. The pre-ipo placement, if undertaken, shall not exceed 20.00% of the fresh issue size. The company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). The face value of the equity shares is Rs. 10/- each. The offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot, will be decided by the company.

Objective of issue

Funding of capital expenditure requirements of the Company towards purchase of machinery and equipment. Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by its Company. Funding long-term working capital requirement of the Company. General Corporate Purpose.

Om Power Transmission Ltd Contact Details

Om Power Transmission Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@optl.in

Website - www.ompowertransmission.com