Radiant Innovative Manufacturing Ltd - IPO

Radiant Innovative Manufacturing Ltd IPO Details

Initial public offering up to 52,26,000 equity shares of Rs. 10/- each (equity shares) of Radiant Innovative Manufacturing Limited (riml or the company) for cash at a price of Rs. [*]/- per equity share (the issue price), aggregating to Rs. [*] crores (the issue), comprising a fresh issue of up to 46,26,000 equity shares aggregating to Rs. [*] crores by the company (fresh issue) and an offer for sale of up to 6,00,000 equity shares by Nalin Bahl (the promoter or selling shareholders) aggregating to Rs. [*] crores (offer for sale). Out of the issue, 2,61,600 equity shares aggregating to Rs. [*] crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. issue of 49,64,400 equity shares of face value of Rs. 10/- each at an issue price of Rs. [*]/- per equity share aggregating to Rs. [*] crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.33% and 25.02%, 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 floor price and cap price are [*] times and [*] times of the face value of the equity shares, respectively.

Objective of issue

Funding the capital exp for purchase of plant & machinery infrastructure development and other Auxiliary equipment. Funding the capital exp requirements for expansion of its mfg facility at. Repayment and /or pre-payment in part or full or certain borrowings availed by the company. General corporate purposes.

Radiant Innovative Manufacturing Ltd Contact Details

Radiant Innovative Manufacturing Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - investors@radiantiml.com

Website - www.radiantiml.com