Raksan Transformers Ltd - IPO

Raksan Transformers Ltd IPO Details

Initial public offer of upto 55,12,800 equity shares of face value of Rs. 10/- each (the Equity Shares) of Raksan Transformers Limited (The Company or the Issuer) at an offer price of Rs. [*] per equity share (Including Share Premium of Rs. [*] Per Equity Share) for cash, aggregating up to Rs. [*] Crore (Public Offer) comprising of a fresh issue of 44,12,800 equity shares aggregating to Rs. [*] Crore (the Fresh Issue) and an offer for sale of 11,00,000 equity shares by the promoter selling shareholders (Offer For Sale)aggregating to Rs. [*] Crore by Sanjeev Kanda (Refferd as Promoter Selling Shareholder) out of which [*] equity shares of face value of Rs.10 each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] Crore will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e. offer of [*] equity shares of face value of Rs.10 each, at an offer price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] Crore is herein after referred to as the Net Offer. The public offer and net offer will constitute 26.39%and [*]% respectively of the post- offer paid-up equity share capital of the company.The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding capital expenditure towards setting up of manufacturing facility. To meet working capital requirements. Repayment of certain borrowing availed by the Company, in part or full. General Corporate Purpose.

Raksan Transformers Ltd Contact Details

Raksan Transformers Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@raksantransformers.com

Website - www.raksantransformers.com