Business Standard

Ujaas Energy Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

93.00 cr

Price Range (₹)

186

Lot Size

30

Min Investment (₹)

5,580.00

Listing Exchange

MumbaiNSE

Open Date

28-Sept-2011

Close Date

05-Oct-2011

Listing Date

20-Oct-2011

Ujaas Energy Ltd News

    The Shares of Ujaas Energy Ltd have now been listed.

    Ujaas Energy Ltd IPO Details

    Public issue of 50,00,000 equity shares with a face value of Rs. 10 each (Equity Shares) of M and B Switchgears Limited (The Company or The Issuer) for cash at a price of Rs. 186 per equity share (including a share premium of Rs. 176 per equity share) aggregating to Rs. 93.00 crores (The Issue). The issue will constitute 25% of the post-issue paid-up equity share capital of the company.Issue price: Rs. 186 per equity share of face value of Rs. 10/- eachThe issue price is 18.6 times the face value.

    Objective of issue

    To set up a 4 MWp solar Photovoltaic power plant. To meet general corporate purpose.

    Ujaas Energy Ltd Contact Details

    Ujaas Energy Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

    Phone - 91-22-40430200/28470652

    Fax - 91-22-28475207

    Email - info@mbswitch.com

    Website - www.ujaas.com