Parmeshwar Recycling Ltd - IPO

Parmeshwar Recycling Ltd IPO Details

Initial public offering of up to 35,00,000 equity shares of face value of Rs.10/- each (equity shares) of Parmeshwar Recycling Limited (parmeshwar or the company or the issuer) for cash at a price of Rs. [*]/- per equity share (including a premium of Rs. [*]/- per equity share) (issue price) aggregating to Rs. [*] crores comprising of fresh issue of up to [*] equity shares aggregating to Rs.[*] (the issue) of which up to [*] equity shares aggregating to Rs. [*] 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 up to [*] equity shares of face value of Rs.10/- each at an issue price of Rs. [*] per equity share aggregating to Rs. [*] crores (net issue). The issue and the net issue will constitute [*]% and [*]% of the post-issue paid-up equity share capital of the company.The price band and the minimum bid lot will be decided by the company.

Objective of issue

Enhancement of Existing Facilities through Modern Machinery and Addition of an Aluminium Wire ROD Manufacturing Unit.. Funding the working capital requirements of the Company.. General Corporate Purpose.

Parmeshwar Recycling Ltd Contact Details

Parmeshwar Recycling Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - info@parmeshwarrecycling.com

Website - www.parmeshwarrecycling.com