Pommys Garments (India) Ltd - IPO

Pommys Garments (India) Ltd IPO Details

Public issue of upto 75,00,000 equity shares of face value of Rs. 10 each (equity shares) of Pommys Garments (India) Limited (company or issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. [*] crores. The issue comprises of upto 3,75,000 equity shares of face value Rs. 10 each for cash at a price of Rs. [*] per equity share, aggregating up to Rs. [*] crores which will be reserved for subscription by the market maker to the issue (The market maker reservation portion). The issue less market maker reservation portion i.e. Issue of upto 71,25,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. [*] per equity share, aggregating up to Rs. [*] is hereinafter refered to as the net issue. The issue and the net issue will constitute 30.32% and 28.80% respectively of the post issue paid-up equity share capital of the company.The Face value of the equity shares is Rs. 10 each.The Issue price is Rs. [*] per equity share and is [*] times of the face value.

Objective of issue

Repayment of certain high cost borrowings availed by the company. Part Finance working capital requirement. General corporate purpose.

Pommys Garments (India) Ltd Contact Details

Pommys Garments (India) Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@pommys.in

Website - www.pommys.in