Vivid Electromech Ltd - IPO

Vivid Electromech Ltd IPO Details

Initial public offer of up to 23,52,000 equity shares of face value of Rs.10/- each (the Equity Shares) of Vivid Electromech Limited (The Company or The Issuer) at an offer price of Rs.555 per equity share (including share premium of Rs. 545 per equity share) for cash, aggregating up to Rs. 130.54 Crores (Public Offer) comprising of a fresh issue of 18,84,000 equity shares aggregating to Rs. 104.56 Crores (the Fresh Issue) and an offer for sale of 4,68,000 equity shares by the promoter selling shareholder (Offer For Sale) aggregating to Rs. 25.97 Crores comprising; 1,17,000 equity shares aggregating up to Rs.6.49 Crores by Sameer Vishvanath Attavar and 3,51,000 equity shares aggregating up to Rs. 19.48 Crores by Meeta Sameer Attavar (collectively Refferd as Promoter Selling Shareholders), out of which 1,18,800 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 555 per equity share for cash, aggregating Rs. 6.59 Crores will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e. Offer of 22,33,200 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 555 per equity share for cash, aggregating up to Rs. 123.94 Crores is herein after referred to as the Net Offer. The public offer and net offer will constitute 26.46% and 25.13% respectively of the post-offer paid-up equity share capital of the company.Price Band: Rs. 555 per equity share of face value Rs. 10/- each.The floor price (Rs.555) is 55.5 times of the face value of the equity shares. Bids can be made for a minimum of 480 equity shares and in multiples of 240 equity shares thereafter.

Objective of issue

Funding the capital expenditure requirements towards setting up of a new manufacturing unit.. Repayment of certain borrowings availed by the Company. To meet working capital requirements of the Company. General corporate purposes.

Vivid Electromech Ltd Contact Details

Vivid Electromech Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@vividgroup.in

Website - www.vividgroup.in