Tapi Fruit Processing Ltd - IPO

Tapi Fruit Processing Ltd IPO Details

Initial public issue of 10,86,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Tapi Fruit Processing Limited (The Company or the Issuer) for cash at a price of Rs. 48 per equity share (the Issue Price), (including a premium of Rs. 38 per equity share), aggregating Rs. 5.21 crores (The Issue), of which 60,000 equity shares of face value of Rs. 10/- for cash at a price of Rs. 48 each aggregating Rs. 0.29 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 10,26,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 48 per equity share, aggregating to Rs. 4.92 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.75 % and 26.22% respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price is 4.8 times of the face value.

Objective of issue

Meeting incremental working capital requirements. Repayment/prepayment of certain borrowings availed by the company. General corporate purposes.

Tapi Fruit Processing Ltd Contact Details

Tapi Fruit Processing Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@tapifood.com

Website - www.tapifood.com