Rajnandini Fashion India Ltd - IPO

Rajnandini Fashion India Ltd IPO Details

Initial public issue of 28,90,000 equity shares of face value of Rs.10/- each (the Equity Shares) of Rajnandini Fashion India Limited (the Company or RFIL or the Issuer) at an issue price of Rs. 63 per equity share for cash aggregating to Rs.18.21 Crores (Public Issue) out of which 1,46,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 63 per equity share for cash aggregating to Rs. 0.92 Crores was reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. Net issue of 27,44,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 63 per equity share for cash aggregating to Rs. 17.29 Crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 27.87% and 26.46% respectively of the post-issue paid-up equity share capital of the company.Price Band: Rs. 63/- per equity share of face value of Rs. 10/- each.The floor price is 6.3 times of the face value of the equity shares. Bids can be made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.

Objective of issue

Funding of capital expenditure for setting up a new manufacturing facility. Funding for repayment of a portion of certain borrowings availed by the Company. Utilization towards working capital requirements. General corporate purposes.

Rajnandini Fashion India Ltd Contact Details

Rajnandini Fashion India Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@rfil.in

Website - https:, rfil.in