Ricans Solar Energy Ltd - IPO

Ricans Solar Energy Ltd IPO Details

Initial public issue of up to 16,00,000 equity shares of Rs. 10/- each (equity shares) of Ricans Solar Energy Limited (Ricans or the company) for cash at a price of Rs. [*] per equity share (issue price), aggregating to Rs. [*] crores (the issue). Out of the issue [*] 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 [*] 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 [*]% and [*]%, respectively of the post issue 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 incremental working capital requirements of the Company. General Corporate Purposes.

Ricans Solar Energy Ltd Contact Details

Ricans Solar Energy Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@ricans.solar

Website - www.ricans.solar