Technocraft Ventures Ltd - IPO

Technocraft Ventures Ltd IPO Details

Initial public offering of up to 11,881,000 equity shares of face value of Rs. 10 each (Equity Shares) of Technocraft Ventures Limited (the Company or the Issuer) for cash at a price of Rs. 212 per equity share (Offer Price) (Including a Premium of Rs. 202 per Equity Share) aggregating up to Rs. 251.88 Crores (the Offer). The offer comprises of a fresh issue of up to 9,505,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 201.51 Crores by the company (the Fresh Issue) and an offer for sale of up to 2,376,000 equity shares by Kartikey Constructions (Partnership Firm) (the Promoter Selling Shareholder) and referred to as, the Selling Shareholder (the Offer for Sale). The offer would constitute [*]% of the post-offer paid-up equity share capital. Price Band: Rs. 212 per equity share of face value of Rs. 10 each.The floor price is 21.20 times of the face value of the equity shares. Bids can be made for a minimum quantity of 70 equity shares of face value of Rs. 10 each and in multiples of 70 equity shares of face value of Rs. 10 each thereafter.

Objective of issue

Funding working capital requirements of the Company. General Corporate Purpose.

Technocraft Ventures Ltd Contact Details

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

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliance@technocraftventures.com

Website - www.technocraftventures.com