Premier Industrial Corporation Ltd - IPO

Premier Industrial Corporation Ltd IPO Details

Initial public offering of up to 27,900,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Premier Industrial Corporation Limited (The Company or the Issuer) for cash at a price of Rs. [*] per equity share (Offer Price)aggregating up to Rs. [*] Crore comprising a fresh issue of up to 22,500,000 equity shares by the company aggregating upto Rs. [*] Crore (the Fresh Issue) and an offer for sale of up to 5,400,000 equity shares (the Offered Shares)including up to 2,170,800 equity shares aggregating up to Rs. [*] Crore by Arvind Chhotalal Morzaria, up to 1,740,030 equity shares aggregating up to Rs. [*] Crore by Dilip Chhotalal Morzaria, up to 1,078,770 equity shares aggregating up to Rs.[*] Crore by Subhash Chhotalal Morzaria, up to 341,895 equity shares aggregating up to Rs. [*] Crore by Lalit Navinchandra Morzaria and up to 68,505 equity shares aggregating up to Rs. [*] Crore by Nirmala Navinchandra Morzaria (collectively the Selling Shareholders) aggregating up to Rs. [*] Crore (such sale, the Offer For Sale, and together with the fresh issue, the Offer). The offer shall constitute [*]% of the post-offer paid-up equity share capital of the company.The company, in consultation with the brlm, may consider a pre-ipo placement of equity shares, as may be permitted under applicable law,to any person(s), aggregating up to Rs. 30 Crore, at its discretion, prior to filing of the red herring prospectus with the roc. the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation)rules, 1957, as amended. The pre-ipo placement, if undertaken, shall not exceed20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement,prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre ipo placement (If Undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and the prospectus.The face value of the equity shares is Rs. 10 each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot size will be decided by the company.

Objective of issue

Funding of capital expenditure requirements of the Company towards Proposed Facility. Financing of capital expenditure requirements of the Company towards Proposed Expansion at Wada Unit. Funding the working capital requirements of the Company. General corporate purposes.

Premier Industrial Corporation Ltd Contact Details

Premier Industrial Corporation Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - info@kammangroup.com