XL Energy Ltd - IPO

XL Energy Ltd IPO Details

Public issue of 39,56,808 equity shares of Rs.10/- each for cash at a price of Rs. 150/- per equity share aggregating to Rs. 59.35 Crores (hereinafter referred to as 'The Issue') by XL Telecom Limited (The Company or The Issuer). The face value of the equity share is Rs. 10/- each. The issue includes a reservation of 1,76,808 equity shares of Rs. 10/- each aggregating to Rs. 2.65 crores for subscription by elegible employees of the company. The net issue to the public shall be of 37,80,000 equity shares of Rs. 10/- each aggregating to Rs. 56.70 lakhs. The net issue would constitute 26.07% of the post issue paid up capital of the company.

Objective of issue

Fund the Capital Exp. for Solar Photovoltaic Div.. Settin-up Fac. for Surface Mounting Tech. (SMT). Repayment of Term Loans. Long Term Working Capital FWP Business.

XL Energy Ltd Contact Details

XL 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@xlenergy.co

Website - www.xlenergy.co