Business Standard

Pavna Industries Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

29.70 cr

Price Range (₹)

165

Lot Size

800

Min Investment (₹)

1,32,000.00

Listing Exchange

NSE - SME

Open Date

24-Feb-2021

Close Date

01-Mar-2021

Listing Date

09-Mar-2021

Pavna Industries Ltd News

    The Shares of Pavna Industries Ltd have now been listed.

    Pavna Industries Ltd IPO Details

    Initial public issue of 18,00,000 equity shares of Rs. 10 each (equity shares) of Pavna Industries Limited (PIL or the company) for cash at a price of Rs. 165 per share (the issue price), aggregating to Rs. 29.70 crores (the issue), consisting of fresh issue of 9,02,400 equity shares aggregating to Rs. 14.89 crores and an offer for sale of 8,97,600 equity shares by Mrs. Asha Jain (the promoter selling shareholder or the selling shareholders) aggregating to Rs. 14.81 crores (offer for sale), of which 96,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less than the market maker reservation portion i.e. Issue of up to 17,04,000 equity shares of Rs. 10 each is hereinafter referred to as the net issue. The issue and the net issue will constitute 29.55% and 27.98%, respectively of the post issue paid up equity share capital of the company.The Face value of the equity shares is Rs. 10 and the issue price is 16.5 times of the face value.

    Objective of issue

    Part Repayment of Loans. General corporate purpose.

    Pavna Industries Ltd Contact Details

    Pavna Industries Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - cs@pavnagroup.com

    Website - www.pavna.in