Apollo Techno Industries Ltd IPO
Status: Closed
Overview
IPO date
23 Dec 2025 to 26 Dec 2025
Face value
₹ 10 per share
Price
₹ 123 to ₹130 per share
Issue Size
3,689,000 shares
(aggregating up to ₹ 47.96 Cr)
(aggregating up to ₹ 47.96 Cr)
Allotment Date
29 Dec 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Capital Goods-Non Electrical Equipment
Objectives of Apollo Techno Industries Ltd IPO
Apollo Techno Industries Ltd IPO Strategy
About Apollo Techno Industries Ltd
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T&C*
Strengths vs Risks of Apollo Techno Industries Ltd
Know the pros & cons
Strengths
Focus on quality and customer service.- Strong Market Presence Driven by Customer-Centric Approach.
- Experienced promoter and management team.
- In house engineering and design capabilities.
- Strong Market Presence Across Key Regions.
Risks
- Geographically, the company revenues are highly dependent on its operations in the India more particularly in few selected
States. Any adverse development affecting its operations in these regions could have an adverse impact on the company
business, financial condition and results of operations.
- The company derives a substantial portion of its revenue from the sale of Horizontal Directional Drilling (HDD) machines,
representing 62.69%, 59.34%, 79.41% and 97.39% of the company total sale of finished goods for the three months period
ended on June 30, 2025 and financial years ended on March 31, 2025, 2024 and 2023, respectively and loss of sales
dues to a reduction in demand for these products would have a material adverse effect on its business, financial
condition, results of operations and cash flows.
- The company business is dependent on few numbers of clients. Its Top 10 customers contributed 67.01%, 58.03%, 54.36%
and 57.35% of revenue from operations for the three months period ended on June 30, 2025 and the financial years
ended on March 31, 2025, 2024 and 2023, respectively. The loss of any of these clients could have an adverse effect
on the company business, financial condition, results of operations and cash flows.
- Several of the company key raw materials and components are sourced from a limited group of suppliers, which exposes its
to supplier concentration risks. Any restriction in supply or defects in quality could cause delays in project
construction or implementation and impair the company ability to provide its products to clients at a price that is profitable
to the company, which could have a material adverse effect on its business, financial condition and results of operations.
- The Company has experienced negative cash flow in the past and may continue to does so in future, which could have
a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
- The company are subject to strict compliance of quality requirements by its customers. Any failure in maintaining the company quality
accreditations and certifications may negatively impact its brand and reputation which may adversely affect the company
business, results of operations, financial condition, cash flows and future prospects.
- The company Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory
Auditors of its Company.
- The company business is dependent on its manufacturing units and the company are subject to certain related risks. Unplanned
slowdowns, unscheduled shutdowns or prolonged disruptions in its manufacturing operations, as well as an
inability to effectively utilize the company production capacity, could adversely affect its business, operations results, cash
flows, and financial condition.
- The company does not have long term agreements with any of its customers, and hence may not realize all of the revenue
expected from the company existing or new customers and may not be able to accurately forecast demand for its products
and plan production schedules in advance. If the company are unable to predict customer demands and maintain optimal
inventory level, there may be an adverse effect on its results of operations, financial condition, and cash flows.
- The company have entered into a number of related party transactions and may continue to enter into such transactions under
Ind AS 24 in the future. However, there can be no assurance that its could not have achieved more favourable terms
had such transactions not been entered into with related parties.
- The company has experienced delayed filings of certain e-forms under Companies Act, 2013 with Registrar of
Companies which could potentially attract penalties, fines and other regulatory actions.
- The company Statutory Auditors have included a qualification in the auditor's report on its audited consolidated financial
statements for the financial year ended March 31, 2023.
- The company operations are subject to high working capital requirements. Its inability to maintain sufficient cash flow,
adequate credit facilities and other sources of funding, in a timely manner, or at all, to meet requirement of working
capital or pay out debts, could adversely affect the company operations.
- The company have high financial indebtedness which could adversely affect its financial condition and results of operations
and further the company may not be able to meet its obligations under the debt financing agreements.
- The Company has availed unsecured loans which are repayable on demand. Any demand from lenders for
repayment of such unsecured loans, may adversely affect its cash flows.
- The company have acquired Land from its Promoter & Director, Manjulaben Rashmikant Patel, in the past, and the company cannot
assure that its couldn't have acquired land from some other party at more favourable terms.
- The company profit margins have grown rapidly in the past mainly because of revenue from single high-margin product and
increased exports sales; however, any decline in demand for this product or changes in export conditions could
adversely affect its profitability, there can be no assurance that such growth or profitability will be sustained. The company
growth strategy could also strain its management capabilities and available resources, and uncertainties in new
product launches such as market acceptance, production delays, unforeseen technical challenges, and the risk of
cost overruns could negatively impact the company business and financial performance. If its are unable to implement or
sustain the company growth strategy effectively it could adversely affect its business, results of operations, cash flows and
financial conditions.
- There are certain discrepancies and non-compliances noticed in filing of returns and deposit of statutory dues with
the taxation and other statutory authorities in the past. Any delay in payment of statutory dues by the Company in
future, may result in the imposition of penalties, which could adversely impact its financials.
- There may be flaws or defects in the products the company manufacture that could result in liability claims against its , reduced
demand for the company products and damage to its reputation.
- The company relies significantly on its Promoters and Directors, Rashmikant Haribhai Patel and Parth Rashmikant Patel, for
the operations of the company. If any of them is unable or unwilling to continue in their current roles, it can
significantly affect its business operations and financial conditions.
- The company have certain contingent liabilities that has not been provided for in its Company's financials which if
materialized, could adversely affect the company financial condition.
- The Company's manufacturing activities are labour intensives and depends on availability of skilled and unskilled
labourers as well as its business in dependent on the company ability to retain its key managerial personnel (KMP), senior
managerial personnel (SMP), and the company design and engineering team. In case of unavailability of such labourers and
/ or inability to retain such personnel could adversely affect its business operations.
- The Company has outstanding trade payable to certain MSMEs. Any such delay in payment to MSME trade payables
beyond 45 days may attract penal provisions under the applicable laws.
- Its lenders have charge over the company movable and immovable properties in respect of finance availed by its.
- The company business requires its to obtain and renew certain registrations, licenses, approvals, NOCs and permits in the
ordinary course of the company business. Its inability to obtain, renew or maintain the company statutory and regulatory permits and
approvals required to operates its business may have a material adverse effect on the company business, financial condition
and results of operations.
- Its are exposed to foreign currency fluctuation risks, particularly in relation to import of raw materials and export
of products, which may adversely affect the company results of operations, financial condition and cash flows.
- The Company, Promoters, Directors, KMP, SMP and subsidiary company are party to certain tax proceedings, any
adverses decision in such proceedings may have a material adverse effect on its business, results of operations and
financial condition.
- Any delay or default in receipt of payments from customers could adversely affect the company business, results of operations,
financial condition and cash flows.
- Within the parameters as mentioned in the chapter titled "Objects of the Issue" of this Red Herring Prospectus, the
Company's management will have flexibility in applying the proceeds of this Issue. The fund requirement and
deployment mentioned in the Objects of the Issue has not been appraised by any bank or financial institution.
- The industry segments in which the company operates are fragmented, exposing its to competition from various players, which
may affect the company business operational and financial conditions.
- The shortage or non-availability of power facility may adversely affect the company manufacturing processes and have an
adverse impact on its results of operations and financial condition.
- Changes in technology may render the company current technologies obsolete or require its to make substantial capital
investments.
- Any delay in production, or shutdown, or any interruption for a significant period of time, at the company manufacturing
facility may in turn adversely affect its business, financial condition and results of operations.
- The company ability to pay dividends in the future will depends on various factors, including the company future earnings, financial
condition, cash flows, working capital requirements, capital expenditure and any restrictive covenants in its
financing arrangements.
- The company insurance coverage may not be adequate.
- Exposure to Fluctuating Interest Rates May Increase Finance Costs and Adversely Impact the company Profitability, Cash
Flows, and Business Operations.
- If the company are unable to sources business opportunities effectively, its may not achieve the company financial objectives.
- The company failure to identify and adapt to evolving industry trends and customer preferences and to develop new products
to meet its customers' demands may materially adversely affect the company business.
- The company may not be successful in implementing its business strategies.
- The company has not entered into any technical support services for the maintenance and smooth functioning of the company
equipment's and machineries, which may affect its performance.
- The company relies on third-party transportation providers for procurement of raw materials and for supply of its products and
failure by any of the company transportation providers could result in loss in sales.
- There may be potential conflicts of interest if its Promoters, Promoter Group entities, and Group Companies are
involved in same business activities that compete with or are in the same line of activity as the company business operations.
- The company promoters and members of the Promoter Group will continue to retain significant control over its Company
after the Initial Public Offering (IPO).
- The company Promoters, Directors, Key Management Personnel (KMP) and Senior Managerial Personnel (SMP) may have
interest in its Company other than normal remuneration or benefits and reimbursement of expenses incurred.
- The average cost of acquisition of Equity shares by the company Promoters may be lower than the Issue price.
- The company could be harmed by employee misconduct or errors that are difficult to detect, and any such incidences could
adversely affect its financial condition, results of operations, and reputation.
- The company Promoters and Directors have provided personal guarantees to certain loan facilities availed by its, which if
revoked may require alternatives guarantees, repayment of amounts dues or termination of the facilities.
- Delays or defaults in client payments could affect the company operations.
- The Issue price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue
and the market price of the company Equity Shares may declines below the issue price and you may not be able to sell your
Equity Shares at or above the Issue Price.
- In the event there is any delay in the completion of the Issue, or delay in the implementation schedule, there would
be a corresponding delay in the completion of the objects of the Issue which, which, in turn, could affect the company revenues
and results of operations.
- The company has not identified any alternates sources of raising the funds required for the object of the Issue and the
deployment of funds is entirely at its discretion and as per the details mentioned in the section titled "Objects of the
Issue".
- Any future issuance of Equity Shares may dilutes your shareholdings, and sale of the Equity Shares by the company major
shareholders may adversely affect the trading price of its Equity Shares.
- The requirements of being a public listed company may strain the company resources and imposes additional requirements.
- This Red Herring Prospectus contains information from third parties, including an industry report prepared by an
independent third-party research agency, Dun & Bradstreet ("D&B"), which the company have commissioned and paid for
purposes of confirming its understanding of the industry exclusively in connection with the Issue.
Apollo Techno Industries Ltd Peer Comparison
Understand the company’s industry standing
Apollo Techo Indutries Limite
Eimco Elecon (India) Limited
Face Value
10
10
Standalone / Consolidated
Consolidated
Standalone
Total Income Rs. Cr.
99.14
246.47
EPS-Basis
13.79
84.78
EPS-Diluted
13.79
84.78
NAV Per Share
25.32
748.81
P/E-Basic EPS
---
22.06
P/E-Diluted EPS
---
---
RONW(%)
54.45
11.32
Latest NAV Period
---
---
Latest NAV
---
---
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Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
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The IPO opens on 23 Dec 2025 & closes on 26 Dec 2025.
Apollo Techno Industries Limited was originally incorporated as 'Apollotechno Industries Private Limited' as a private limited company, dated April 26, 2016 issued by Deputy Registrar of Companies, Central Registration Centre. The name of company was changed to 'Apollo Techno Industries Private Limited'. Consequent upon change of name, a fresh Certificate of Incorporation dated December 19, 2024 was issued by Registrar of Companies, Central Processing Centre. Subsequently, Company was converted from a private limited to public limited company and the name of the Company was changed to 'Apollo Techno Industries Limited' pursuant to fresh certificate of incorporation dated December 27, 2024 issued to the Company by the Registrar of Companies, Central Processing Centre.
Apollo Techno Industries Limited is a Mehsana based company that manufactures a variety of specialised construction equipment. Their product line-up includes Horizontal Directional Drilling (HDD) rigs, Diaphragm Drilling Rigs, Rotary Drilling Rigs and Spare parts. The Horizontal Directional Drilling rigs equipment is primarily utilized for the installation of essential utilities such as gas, water, sewer lines, optical fibre cables, and electrical conduits. Meanwhile, the Diaphragm Drilling Rig is designed for constructing foundations for deep basements, retaining walls in rail and metro stations, as well as developments along riverfronts. The Rotary Drilling Rig is employed for creating foundation piles necessary for high-rise buildings and bridges.
In 2017-18, Company started selling in domestic market & exported first Apollo A800 HDD Machine. In 2019-20, it launched Apollo A1200 HDD Machine followed by launched Apollo A900 HDD machine; launched Apollo A1000, A2000 & A950 HDD machines & exported first A2000 HDD machine in 2020-21. Apollo Techno Equipments Limited was incorporated as a new subsidiary in 2021. In 2021-22, Company launched Apollo A3000 HDD Machine and has launched Diaphragm Wall Drilling Rig Machine in 2023-24 to expand the product portfolio.
Company came up with the IPO by issuing 36,89,000 equity shares of face value of Rs 10 each by raising Rs 47.95 crore through fresh issue on December 26, 2025.
Apollo Techno Industries Ltd IPO will close on 26 Dec 2025.
- Focus on quality and customer service.
- Strong Market Presence Driven by Customer-Centric Approach.
- Experienced promoter and management team.
- In house engineering and design capabilities.
- Strong Market Presence Across Key Regions.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Parth Rashmikant Patel | 2920000 | 29.2 | 2920000 | 21.33 |
| 2 | Rashmikant Haribhai Patel | 3500000 | 35 | 3500000 | 25.57 |
| 3 | Manjulaben Rashmikant Patel | 3500000 | 35 | 3500000 | 25.57 |
| 4 | Parth Patel (HUF) | 20000 | 0.2 | 20000 | 0.15 |
| 5 | Rashmikant Haribhai Patel HUF | 20000 | 0.2 | 20000 | 0.15 |
| 6 | Puja Amarkumar Patel | 20000 | 0.2 | 20000 | 0.15 |
| 7 | Palak Parth Patel | 20000 | 0.2 | 20000 | 0.15 |
- Geographically, the company revenues are highly dependent on its operations in the India more particularly in few selected States. Any adverse development affecting its operations in these regions could have an adverse impact on the company business, financial condition and results of operations.
- The company derives a substantial portion of its revenue from the sale of Horizontal Directional Drilling (HDD) machines, representing 62.69%, 59.34%, 79.41% and 97.39% of the company total sale of finished goods for the three months period ended on June 30, 2025 and financial years ended on March 31, 2025, 2024 and 2023, respectively and loss of sales dues to a reduction in demand for these products would have a material adverse effect on its business, financial condition, results of operations and cash flows.
- The company business is dependent on few numbers of clients. Its Top 10 customers contributed 67.01%, 58.03%, 54.36% and 57.35% of revenue from operations for the three months period ended on June 30, 2025 and the financial years ended on March 31, 2025, 2024 and 2023, respectively. The loss of any of these clients could have an adverse effect on the company business, financial condition, results of operations and cash flows.
- Several of the company key raw materials and components are sourced from a limited group of suppliers, which exposes its to supplier concentration risks. Any restriction in supply or defects in quality could cause delays in project construction or implementation and impair the company ability to provide its products to clients at a price that is profitable to the company, which could have a material adverse effect on its business, financial condition and results of operations.
- The Company has experienced negative cash flow in the past and may continue to does so in future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
- The company are subject to strict compliance of quality requirements by its customers. Any failure in maintaining the company quality accreditations and certifications may negatively impact its brand and reputation which may adversely affect the company business, results of operations, financial condition, cash flows and future prospects.
- The company Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of its Company.
- The company business is dependent on its manufacturing units and the company are subject to certain related risks. Unplanned slowdowns, unscheduled shutdowns or prolonged disruptions in its manufacturing operations, as well as an inability to effectively utilize the company production capacity, could adversely affect its business, operations results, cash flows, and financial condition.
- The company does not have long term agreements with any of its customers, and hence may not realize all of the revenue expected from the company existing or new customers and may not be able to accurately forecast demand for its products and plan production schedules in advance. If the company are unable to predict customer demands and maintain optimal inventory level, there may be an adverse effect on its results of operations, financial condition, and cash flows.
- The company have entered into a number of related party transactions and may continue to enter into such transactions under Ind AS 24 in the future. However, there can be no assurance that its could not have achieved more favourable terms had such transactions not been entered into with related parties.
- The company has experienced delayed filings of certain e-forms under Companies Act, 2013 with Registrar of Companies which could potentially attract penalties, fines and other regulatory actions.
- The company Statutory Auditors have included a qualification in the auditor's report on its audited consolidated financial statements for the financial year ended March 31, 2023.
- The company operations are subject to high working capital requirements. Its inability to maintain sufficient cash flow, adequate credit facilities and other sources of funding, in a timely manner, or at all, to meet requirement of working capital or pay out debts, could adversely affect the company operations.
- The company have high financial indebtedness which could adversely affect its financial condition and results of operations and further the company may not be able to meet its obligations under the debt financing agreements.
- The Company has availed unsecured loans which are repayable on demand. Any demand from lenders for repayment of such unsecured loans, may adversely affect its cash flows.
- The company have acquired Land from its Promoter & Director, Manjulaben Rashmikant Patel, in the past, and the company cannot assure that its couldn't have acquired land from some other party at more favourable terms.
- The company profit margins have grown rapidly in the past mainly because of revenue from single high-margin product and increased exports sales; however, any decline in demand for this product or changes in export conditions could adversely affect its profitability, there can be no assurance that such growth or profitability will be sustained. The company growth strategy could also strain its management capabilities and available resources, and uncertainties in new product launches such as market acceptance, production delays, unforeseen technical challenges, and the risk of cost overruns could negatively impact the company business and financial performance. If its are unable to implement or sustain the company growth strategy effectively it could adversely affect its business, results of operations, cash flows and financial conditions.
- There are certain discrepancies and non-compliances noticed in filing of returns and deposit of statutory dues with the taxation and other statutory authorities in the past. Any delay in payment of statutory dues by the Company in future, may result in the imposition of penalties, which could adversely impact its financials.
- There may be flaws or defects in the products the company manufacture that could result in liability claims against its , reduced demand for the company products and damage to its reputation.
- The company relies significantly on its Promoters and Directors, Rashmikant Haribhai Patel and Parth Rashmikant Patel, for the operations of the company. If any of them is unable or unwilling to continue in their current roles, it can significantly affect its business operations and financial conditions.
- The company have certain contingent liabilities that has not been provided for in its Company's financials which if materialized, could adversely affect the company financial condition.
- The Company's manufacturing activities are labour intensives and depends on availability of skilled and unskilled labourers as well as its business in dependent on the company ability to retain its key managerial personnel (KMP), senior managerial personnel (SMP), and the company design and engineering team. In case of unavailability of such labourers and / or inability to retain such personnel could adversely affect its business operations.
- The Company has outstanding trade payable to certain MSMEs. Any such delay in payment to MSME trade payables beyond 45 days may attract penal provisions under the applicable laws.
- Its lenders have charge over the company movable and immovable properties in respect of finance availed by its.
- The company business requires its to obtain and renew certain registrations, licenses, approvals, NOCs and permits in the ordinary course of the company business. Its inability to obtain, renew or maintain the company statutory and regulatory permits and approvals required to operates its business may have a material adverse effect on the company business, financial condition and results of operations.
- Its are exposed to foreign currency fluctuation risks, particularly in relation to import of raw materials and export of products, which may adversely affect the company results of operations, financial condition and cash flows.
- The Company, Promoters, Directors, KMP, SMP and subsidiary company are party to certain tax proceedings, any adverses decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- Any delay or default in receipt of payments from customers could adversely affect the company business, results of operations, financial condition and cash flows.
- Within the parameters as mentioned in the chapter titled "Objects of the Issue" of this Red Herring Prospectus, the Company's management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of the Issue has not been appraised by any bank or financial institution.
- The industry segments in which the company operates are fragmented, exposing its to competition from various players, which may affect the company business operational and financial conditions.
- The shortage or non-availability of power facility may adversely affect the company manufacturing processes and have an adverse impact on its results of operations and financial condition.
- Changes in technology may render the company current technologies obsolete or require its to make substantial capital investments.
- Any delay in production, or shutdown, or any interruption for a significant period of time, at the company manufacturing facility may in turn adversely affect its business, financial condition and results of operations.
- The company ability to pay dividends in the future will depends on various factors, including the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and any restrictive covenants in its financing arrangements.
- The company insurance coverage may not be adequate.
- Exposure to Fluctuating Interest Rates May Increase Finance Costs and Adversely Impact the company Profitability, Cash Flows, and Business Operations.
- If the company are unable to sources business opportunities effectively, its may not achieve the company financial objectives.
- The company failure to identify and adapt to evolving industry trends and customer preferences and to develop new products to meet its customers' demands may materially adversely affect the company business.
- The company may not be successful in implementing its business strategies.
- The company has not entered into any technical support services for the maintenance and smooth functioning of the company equipment's and machineries, which may affect its performance.
- The company relies on third-party transportation providers for procurement of raw materials and for supply of its products and failure by any of the company transportation providers could result in loss in sales.
- There may be potential conflicts of interest if its Promoters, Promoter Group entities, and Group Companies are involved in same business activities that compete with or are in the same line of activity as the company business operations.
- The company promoters and members of the Promoter Group will continue to retain significant control over its Company after the Initial Public Offering (IPO).
- The company Promoters, Directors, Key Management Personnel (KMP) and Senior Managerial Personnel (SMP) may have interest in its Company other than normal remuneration or benefits and reimbursement of expenses incurred.
- The average cost of acquisition of Equity shares by the company Promoters may be lower than the Issue price.
- The company could be harmed by employee misconduct or errors that are difficult to detect, and any such incidences could adversely affect its financial condition, results of operations, and reputation.
- The company Promoters and Directors have provided personal guarantees to certain loan facilities availed by its, which if revoked may require alternatives guarantees, repayment of amounts dues or termination of the facilities.
- Delays or defaults in client payments could affect the company operations.
- The Issue price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company Equity Shares may declines below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
- In the event there is any delay in the completion of the Issue, or delay in the implementation schedule, there would be a corresponding delay in the completion of the objects of the Issue which, which, in turn, could affect the company revenues and results of operations.
- The company has not identified any alternates sources of raising the funds required for the object of the Issue and the deployment of funds is entirely at its discretion and as per the details mentioned in the section titled "Objects of the Issue".
- Any future issuance of Equity Shares may dilutes your shareholdings, and sale of the Equity Shares by the company major shareholders may adversely affect the trading price of its Equity Shares.
- The requirements of being a public listed company may strain the company resources and imposes additional requirements.
- This Red Herring Prospectus contains information from third parties, including an industry report prepared by an independent third-party research agency, Dun & Bradstreet ("D&B"), which the company have commissioned and paid for purposes of confirming its understanding of the industry exclusively in connection with the Issue.
The Issue type of Apollo Techno Industries Ltd is Book Building - SME.
The minimum application for shares of Apollo Techno Industries Ltd is 2000.
The total shares issue of Apollo Techno Industries Ltd is 3689000.
Initial public offer of 36,89,000 equity shares of face value of
Rs. 10/- each of Apollo Techno Industries Limited ("ATIL" or
the "Company" or the "Issuer") for cash at a price of Rs. 123-Rs. 130/- per equity share including a share premium of Rs. 113-Rs. 120/- per equity share (the "Issue Price") aggregating to Rs. 45.37-Rs. 47.96 crores ("the Issue"), of which 185000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 123-Rs. 130/- per equity share including a share premium of Rs. 113-Rs. 120/- per equity share aggregating to Rs. 2.28-Rs. 2.41 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 3504000 equity shares of face value of Rs.10/- each at a price of Rs. 123-Rs. 130/- per equity share including a share premium of Rs. 113-Rs.120/- per equity share aggregating to Rs. 43.1-Rs. 45.55 crores is herein after referred to as the "Net Issue". The issue and the net issue constituted 26.95% and 25.60%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each.
The floor price is cap price Rs. 13.0 times of the face value of the equity shares.
Bids can be made for a minimum of 2000 equity shares and in multiples of 1000 equity shares thereafter.