Valplast Technologies Ltd - IPO

Valplast Technologies Ltd IPO Details

Public issue of up to 52,02,000 equity shares of face value Rs. 10 each (Equity Shares) of Valplast Technologies Limited (the Company or the Issuer or V T L ) for cash at a price of Rs. 54 per equity share (Including a Securities Premium of Rs. 44 Per Equity Share) (Issue Price), aggregating up to Rs. 28.09 crores (the Issue). 2,80,000 equity shares aggregating to Rs. 1.51 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 49,22,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 54 per equity share aggregating to Rs. 26.58 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.50% and 25.08% respectively of the post-issue paid-up equity share capital of the company.Price Band: Rs. 51/- to Rs. 54/- for equity share of face value of Rs. 10 each.The floor price is 5.10 times times the face value and cap price is 5.40 times of the face value of the equity shares.Bids can made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.

Objective of issue

Funding the capital exp requirements by purchase of Machinery. To meet incremental working capital requirements. General corporate purposes.

Valplast Technologies Ltd Contact Details

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

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@valplastindia.com

Website - www.valplastech.com