Orbit Corporation Ltd - IPO

Orbit Corporation Ltd IPO Details

Public Issue of 9,100,000 Equity Shares of Rs. 10 each for cash at a price of Rs.110/- per Equity Share aggregating Rs.100.1 Crores along with one detachable warrant per Equity Share (Issue). The Issue will aggregate 9,100,000 Equity Shares amounting to Rs.100.10 Crores. The Issue of Equity Shares will constitute 25.09% of the fully diluted post-issue Equity Share capital of our Company prior to conversion of detachable warrants and the Issue shall constitute 40.11% of the Equity Share capital of our Company after conversion of detachable warrants, assuming full conversion of the detachable warrants.Issue Price is Rs.110/- per equity share of face value Rs.10.Issue price is 11 times the face value

Objective of issue

Acqui.Cost of new Proj. that we propose to Develop. Project Development cost of the existing Projects. Investment in wholly owned Subsidiaries.

Orbit Corporation Ltd Contact Details

Orbit Corporation Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - invetor@orbitcorp.com, info@orbitcorp.com

Website - www.orbitcorp.com