Business Standard

Pansari Developers Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

10.19 cr

Price Range (₹)

22

Lot Size

6000

Min Investment (₹)

1,32,000.00

Listing Exchange

NSE - SME

Open Date

30-Sept-2016

Close Date

06-Oct-2016

Listing Date

18-Oct-2016

Pansari Developers Ltd News

    The Shares of Pansari Developers Ltd have now been listed.

    Pansari Developers Ltd IPO Details

    Public issue of 46,32,000 equity shares of face value of Rs. 10.00 each of Pansari Developers Limited (the company or the issuer) for cash at a price of Rs. 22 per equity share (including a share premium of Rs. 12 per equity share) (issue price) aggregating to Rs. 10.19 crores (the issue), of which 2,40,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 22 per equity share, aggregating to Rs. 0.53 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 43,92,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 22 per equity share aggregating to Rs. 9.66 crores (is hereinafter referred to as the the net issue). The issue and the net issue will constitute 26.55% and 25.17%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price is Rs. 22 The issue price is 2.2 times of the face value.

    Objective of issue

    To meet working capital requirement. General corporate expenses.

    Pansari Developers Ltd Contact Details

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

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - info@pansaridevelopers.com

    Website - www.pansaridevelopers.com