Prolife Industries Ltd - IPO

Prolife Industries Ltd IPO Details

Public issue of 11,10,000 equity shares of face value of Rs. 10 each of Prolife Industries Limited (PIL or The Company or The Issuer) for cash at a price of Rs. 38 per equity share including a share premium of Rs. 28 per equity share (the issue price) aggregating to Rs. 4.22 crores (The Issue), of which 60,000 equity shares of face value of Rs. 10 each will for cash at a price of Rs. 38 per equity share including a share premium of Rs. 28 per equity share aggregating to Rs. 0.23 crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Net issue of 10,50,000 equity shares of face value of Rs. 10 each at a price of Rs. 38 per equity share aggregating to Rs. 3.99 crores is herein after referred to as the net issue. The issue and the net issue will constitute 27.11% and 25.65%, 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 3.8 times of the face value.

Objective of issue

Expansion of our existing manufacturing operations. General corporate purpose.

Prolife Industries Ltd Contact Details

Prolife Industries Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - info@prolifeindustries.in

Website - www.prolifeindustries.in