Preet Remedies Ltd - IPO

Preet Remedies Ltd IPO Details

Public issue of 24,00,000 equity shares of face value of Rs. 10 each fully paid up of Preet or The Company or The Issuer for cash at a price of Rs. 51 per equity share (The Issue Price) (including share premium of Rs. 41 per equity share) aggregating Rs. 12.24 crores (the issue) by the company of which 1,20,000 equity shares of face value of Rs. 10 each fully paid up will be reserved for subscription by the market maker to the issue (market maker reservation portion). The issue less the maker reservation portion i.e. Issue of 22,80,000 equity shares of face value of Rs. 10 each fully paid up is hereinafter referred to as the net issue. The issue and the net issue will constitute 28.57% and 27.14% 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. 51.The Issue price is 5.1 times of the face value.

Objective of issue

To meet working capital requirements. Repayment/pre-payment of Term Loan. To meet general corporate purposes.

Preet Remedies Ltd Contact Details

Preet Remedies Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@preetremedies.com

Website - www.preetremedies.com