Zenith Steel Pipes & Industries Ltd - IPO

Zenith Steel Pipes & Industries Ltd IPO Details

Public issue of 2,38,18,182 equity shares of face value Rs.10/- each of Zenith Birla (India) limited (hereinafter Referred to as the company or issuer) at a premium of Rs.45/- per share (i.e.at a price of Rs.55/- perShare) for cash aggregating to Rs. 131.00 Crores (hereinafter referred to as the issue) comprising of promoters contribution of 45,45,455 equity shares of face value of Rs.10/- each at a price of Rs.55/- for Cash aggregating to Rs.25.00 Crores (hereinafter referred to as the promoters' contribution)Including 19,27,272 equity shares are reserved for employees and directors 19,27,272 equity shares are reserved for existing shareholders; 19,27,272 equity shares are reserved for shareholders of group companies; 19,27,273 equity shares are reserved for NRIs and FIIs and 19,27,273 equity shares are reserved for Banks/mutual funds/indian financial institutions. The net offer to the public is of 96,36,365 equity shares of Rs.10/- each at a price of Rs.55/- for cash aggregating to Rs.53.00 Crores hereinafter referred to as the net issue).The issue would constitute 59% of post issue paid up capital of our company. The issue price of Rs.55 is 5.5 times of the face value

Objective of issue

Setting-up Addl.Fac. for Manu. of Mechanical Tubes. Working Capital(Existing Business). Margin Money for Working Capital(Mechanical Tube).

Zenith Steel Pipes & Industries Ltd Contact Details

Zenith Steel Pipes & Industries 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 - share@zenithsteelpipes.com

Website - www.zenithsteelpipes.com