Vectras Enprocon Ltd - IPO

Vectras Enprocon Ltd IPO Details

Initial public offering of up to 60,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Vectras Enprocon Limited (the Companyor the Issuer) for cash at a price of Rs. [*] per equity share of face value of Rs. 10/- each (the Offer Price) aggregating up to Rs. [*] Crore (the Offer)comprising a fresh issue of up to 50,00,000 equity shares of face value of Rs. 10/- each by the company aggregating up to Rs. [*] Crore (the Fresh Issue) and an offer for sale of up to 10,00,000 equity shares (the Offered Shares) consisting up to 5,00,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crore by Naynesh Kanubhai Patel and up to 5,00,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crore by Maheshkumar Gopalbhai Patel, (collectively referred to as the Promoter Selling Shareholders).The price band and the minimum bid lot will be decided by the company.

Objective of issue

Repayment / prepayment, in full or part, of certain outstanding borrowings availed by the Company. To Meet Working Capital Requirements of the Company. General Corporate Purpose.

Vectras Enprocon Ltd Contact Details

Vectras Enprocon Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@vectrasgroup.com

Website - www.vectrasgroup.com