Solvex Edibles Ltd - IPO

Solvex Edibles Ltd IPO Details

Initial public offer of up to 26,20,800 equity shares of face value of Rs. 10/- each (Equity Shares) of Solvex Edibles Limited (Company or the Issuer) for cash at a price of Rs. 72.00/- per equity share including a share premium of Rs. 62.00/- per equity share (the Issue Price) aggregating to Rs. 18.87 crores (the Issue) of which up to 1,31,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 72.00/- per equity share including a share premium of Rs. 62.00/- per equity share aggregating to Rs. 0.94 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e net issue of 24,89,600 equity shares of face value of Rs. 10/- each at a price of Rs. 72.00/- per equity share including a share premium of Rs. 62.00/- per equity share aggregating to Rs. 1,7.93 crores (the Net Issue). The issue and the net issue will constitute up to 29.28% and 27.81% respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 72/- for equity share of face value of Rs. 10 each.The floor price is 7.20 times times the face value and cap price of the face value of the equity shares.Bids can made for a minimum of 3,200 equity shares and in multiples of 1,600 equity shares thereafter.

Objective of issue

To finance the Capital expenditure towards acquisition of new Plant and Machinery at existing plant of the Company. Repayment in full or in part, of certain of the outstanding borrowings. General corporate purposes.

Solvex Edibles Ltd Contact Details

Solvex Edibles Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - info@solvexedibles.in

Website - www.solvexedibles.in