Vikran Engineering Ltd - IPO

Vikran Engineering Ltd IPO Details

Initial public offer of 79,587,627 equity shares of face value of Re. 1/- each (equity shares) of Vikran Engineering Limited (formerly known as Vikran Engineering & Exim Private Limited) (company or issuer) for cash at a price of Rs. 97/- per equity share (including a share premium of Rs. 96/- per equity share) (offer price) aggregating to Rs. 772.00 crorescomprising a fresh issue of 74,329,896 equity shares aggregating to Rs. 721.00 crores by the company (fresh issue) and an offer for sale by Rakesh Ashok Markhedkar of 5,257,731 equity shares aggregating to Rs. 51.00 crores (offered shares) ( promoter selling shareholder) and such offer for sale, together with the fresh issue, the offer. Theoffer constitutes 30.86% of the post-offer paid-up equity share capital.

Objective of issue

Funding working capital requirements of the company. General corporate purposes.

Vikran Engineering Ltd Contact Details

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

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - companysecretary@vikrangroup.com

Website - www.vikrangroup.com