Business Standard

Satchmo Holdings Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

405.00 cr

Price Range (₹)

54

Lot Size

100

Min Investment (₹)

5,400.00

Listing Exchange

MumbaiNSE

Open Date

23-Apr-2010

Close Date

27-Apr-2010

Listing Date

13-May-2010

Satchmo Holdings Ltd News

    The Shares of Satchmo Holdings Ltd have now been listed.

    Satchmo Holdings Ltd IPO Details

    Public issue of 75,000,000 equity shares of Rs. 10 each of Nitesh Estates Limited (The Company or the Issuer) for cash at a price of Rs. 54 per equity share (including a share premium of Rs. 44 per equity share) aggregating up to Rs. 405.00 crores (the Issue). The Issue will constitute 51.43% of the fully diluted post issue paid-up capital of the company.Issue price: Rs. 54 per equity share of face value Rs. 10 eachThe Issue price is 5.4 times the face value

    Objective of issue

    Acquire Joint Development Rights of the company. Fund the existing Subsi./Asso.,for Repay. of loans. Repay certain loans of the company. Fund the expenditure for general corporate purpose.

    Satchmo Holdings Ltd Contact Details

    Satchmo Holdings Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

    Phone - 91-040-44655185/44655000

    Fax - 91-040-23420814/23420857

    Email - cs@nelholdings.in; investor@nelholdings.in

    Website - www.satchmoholdings.in