Nanta Tech Ltd IPO

Status: Closed

Overview

IPO date
23 Dec 2025 to 26 Dec 2025
Face value
₹ 10 per share
Price
₹ 209 to ₹220 per share
Issue Size
1,446,000 shares
(aggregating up to ₹ 31.81 Cr)
Allotment Date
29 Dec 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Consumer Durables

Objectives of Nanta Tech Ltd IPO

Nanta Tech Ltd IPO Strategy

About Nanta Tech Ltd

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T&C*

Strengths vs Risks of Nanta Tech Ltd

Know the pros & cons

Strengths

  • arrowWide product portfolio having applications across various customer segments.
  • arrowWide network of dealer and distribution channel.
  • arrowHaving required certifications and approvals of end user.
  • arrowEfficient Marketing Practices.
  • arrowWell established relationship with clients.
  • arrowLeveraging the experience of its Promoters and Directors.

Risks

  • arrowThe Company has acquired the business of M/s MNT Technologies (sole - proprietorship firm of one of its Promoters) thus the company have limited operating history as a Company. Its limited history as a Company can make it difficult for investors to evaluate the company historical performance or future prospects and any future acquisition(s) can result in operating difficulties, integration issues and other adverses consequences.
  • arrowThe company are highly dependent on certain customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverses effect on the company profitability and results of operations.
  • arrowThe company business and profitability heavily relies on the consistent and timely availability of products. Any disruption in supply or price volatility of these products can negatively impact its operations and financial health. Additionally, the company dependence on third-party manufacturers/suppliers/vendors, without firm supply commitments or exclusives arrangements, poses a risk. The loss of any suppliers could adversely affect the company business, operational outcomes, and financial condition.
  • arrowIts future growth is dependent upon the company ability to identify and maintain new products, technologies and customers that achieves market acceptances with acceptable margins.
  • arrowThe company business is dependent on global suppliers/manufacturers effectively maintaining, promoting or developing their brands and maintaining standard quality products including launching new AV (Audio-Video) products and services robots at regular intervals.
  • arrowThe Company, Promoters, Directors, KMP and SMP are involved in certain legal proceedings and litigations. Any adverses decision in such proceedings may render its/them liable to liabilities/penalties which may adversely affect the company business, financial condition and results of operations.
  • arrowThe company revenues is heavily reliant on its operations within certain geographical regions. Any adverses developments, such as economic downturns, political instability, or natural disasters, in these regions could significantly impact its revenues and overall financial performance. Additionally, any disruption, breakdown or shutdown of the company operating facilities concentrated in Gujarat, may also have a material adverses effect on its business, financial condition, results of operations and cash flow.
  • arrowMajority of the company revenues from operations is derived from one segment i.e. providing Audio-Video Solutions to the company clients. Any disruption in the continuous supply from its vendors would have a material adverse effect on the company business, results of operations and financial.
  • arrowThe company could be subject to product liability claims, refunds and recalls or return of products, warranty claims which may have a material adverses impact, in which case its business and revenues, and ultimately the company reputation, could be negatively affected.
  • arrowThe company Restated Financial Statements for the financial year ended March 31, 2023, the period ended February 20, 2024, the financial year ended March 31, 2024 (consolidated financial statements of MNT Technologies and Nanta Tech Limited), and the financial year ended March 31, 2025, as included in this Red Herring Prospectus, have undergones certain modifications and updates.
  • arrowIts may faces the risk of becoming obsolete dues to rapid technological changes.
  • arrowThe industry in which the company operates possess various risks and challenges could have a material adverses effect on its business, financial condition, cash flow, and results of operations.
  • arrowRestrictions on import may adversely impact the company business, cash flows and results of operations.
  • arrowThe company business and results of operations are dependent on the contracts/ purchases orders that its enter into. The Company has not entered into any long-term contracts with its customers and the company typically operates on the basis of orders received on hand. Inability to maintain regular order flow and any breach of the conditions under these contracts/ purchases orders may adversely affect its business and results of operations.
  • arrowThe company funding requirements and the proposed deployment of Net Proceeds has not been appraised by a public financial institution or a scheduled commercial bank and its management will have broad discretion over utilization of the Net Proceeds.
  • arrowThe Company had negatives cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
  • arrowThe company does not own the registered office, godown and experiences centres from which its carry out the company business activities. In case of nonrenewal of rent agreements or disputes in relation to uses of the said premises, the company business and results of operations can be adversely affected.
  • arrowAny disruption or shutdown of the company godown, could adversely affect its business, results of operations and financial condition.
  • arrowCurrently the Company has only one experiences centre for display of its products.
  • arrowThe Company's customers operates in various industry segments/verticals and fluctuations in the performance of the industries in which the customers operates may result in a loss of customers, a decreases in the volume of work undertakes or the price at which the company offer its products.
  • arrowThe company may seek to expand its product portfolio and target emerging product areas. If such products does not witness demand that the company expect them to, its business and results of operations may be adversely affected.
  • arrowThe company historical performances is not indicatives of its future growth or financial results and the company may not be able to sustain or increase its historical growth rates.
  • arrowAny Penalty or demand raised by statutory authorities in future will affect financial position of the Company.
  • arrowThe company are dependent on third-party transportation providers for the delivery of products supplied and distributed by its.
  • arrowThe Company is subject to foreign exchange control regulations which can pose a risk of currency fluctuation.
  • arrowThe company insurances coverages may not be adequates to protect its against certain operating hazards and this may have a material adverses effect on the company business.
  • arrowAs of September 30, 2025, the company had contingent liabilities which has not been provided for in its financial statements and could adversely affect the company financial condition.
  • arrowThe company are exposed to credit risk from its customers and the recoverability of the company trade receivables is subject to uncertainties.
  • arrowThere are certain discrepancies/errors/delay filings noticed in some of the company corporates records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporates or any other law could impact the financial position of the Company to that extent.
  • arrowThe company operations require a significant amount of working capital. Any inability to meet its working capital requirements may adversely affect the company business, financial condition, cash flows and results of operations.
  • arrowAny IT system failures or lapses on part of any of the company employees may lead to operational interruption, liabilities or reputational harm.
  • arrowThe markets the company serve are subject to cyclical demand and vulnerable to economic downturn, which could harmour business and make it difficult to project long-term performance.
  • arrowThe Company has entered into related party transactions in the past and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.
  • arrowIf the company fail to maintain an effectives system of internal controls, its may not be able to successfully manages, or accurately report, the company financial risks. Despite its internal control systems, the company may be exposed to operational risks, including fraud, petty theft and embezzlement, which may adversely affect its reputation, business, financial condition, results of operations and cash flows.
  • arrowThe company expansion into product categories and business verticals and increase in the number of products offered may exposes its to new challenges and more risks.
  • arrowThe company has not yet placed orders in relation to the capital expenditures to be incurred for the Proposed Manufacturing Unit. In the event of any delay in placing the orders, or in the event the vendors are not able to provides the plant and machineries or completes the civil and related works etc. in a timely manner, or at all, the same may result in time and cost over-runs.
  • arrowThe company are required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operates its business and in case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operates its business it may have a material adverses effect on the company business.
  • arrowThe Company is not having any exact comparable Indian peer which have similar business to its Company.
  • arrowThe company depends on skilled personnel and if its are unable to recruit and retain skilled personnel, the company ability to operates or grow its business could be affected. Further the company may be subject to employee unrest, slowdowns and increased wages costs, which may have an adverses effect on the company business, operations, our cash flow and financial condition.
  • arrowThe company success largely depends upon the knowledges and experiences of the company Promoters, Directors, our Key Managerial Personnel and Senior Management as well as the company ability to attract and retain them. Any loss of its Promoter, Directors, Key Managerial Personnel, Senior Management or the company ability to attract and retain them could adversely affect its business, financial condition and results of operations.
  • arrowThe company faces substantial and increasingly intense competition in the AV (Audio-Video) Industry & Robotics industry. If its are unable to competes effectively, the company business, financial condition, results of operations and prospects would be materially and adversely affected.
  • arrowAdverses publicity regarding any product the company sell could negatively impact its.
  • arrowSome of the company trade names and its Company's logo are not registered as on date of this Red Herring Prospectus. The company may be unable to adequately protect its intellectual property. Furthermore, the company may be subject to claims alleging breach of third-party intellectual property rights.
  • arrowThe trademark "ALLBOTIX " is originally registered in the name of the company Promoter, Mayank Arvindbhai Jani. Its Company has acquired the same on the basis of a No Objection Certificate dated September 01, 2023.
  • arrowFraud, theft, employee negligences or similar incidents may adversely affect the company results of operations and financial condition.
  • arrowThere may be potential conflict of interests between the Company and other ventures or enterprises promoted by its promoters or directors.
  • arrowThe company have incurred indebtedness and an inability to comply with repayment and other covenants in the company financing agreements could adversely affect its business and financial condition.
  • arrowCertain unsecured loans availed by the Company are repayable on demand. Any demand for repayment of such unsecured loans, may adversely affect its cash flows.
  • arrowThe company relies on financing from banks or financial institutions to carry on its business operations, and inability to obtain additional financing on terms favourable to the company or at all could have an adverses impact on its financial condition. Further, certain of the company financing agreements involves variables interest rates and an increases in interest rates may adversely affect its results of operations and financial condition. If the company are unable to raise additional capital, its business and future financial performance could be adversely affected.
  • arrowThe company members of Promoter Group have mortgaged their property and provided personal guarantees to loan facility availed by its, which if revoked may require alternatives guarantees, repayment of amounts dues or termination of the facilities.
  • arrowThe company Promoters and promoter group members are interested in its Company's performances in addition to their remuneration and reimbursement of expenses.
  • arrowThe company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Any shortfall in raising / meeting the same could adversely affect the company growth plans, operations and financial performance.
  • arrowThere is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
  • arrowIts ability to pay dividends will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and other factors.
  • arrowThe company cannot guarantee the accuracy or completeness of facts and other statistics with respect to the industry data contained in the Red Herring Prospectus. Industry information included in this Draft Prospectus has been derived from publicly available industry reports. There can be no assurances that such third-party statistical, financial and other industry information is either completes or accurates.
  • arrowIts Promoters and members of the Promoter Group will continues jointly to retain majority control over the Company after the Issue, which will allow them to determines the outcomes of matters submitted to shareholders for approval.
  • arrowThe company futures funds requirements, in the form of issue of capital or securities and/or loans taken by its, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
  • arrowThe averages cost of acquisition of Equity Shares by the Promoters may be less than the Issue Price.
  • arrowThe Promoters and Executives Directors of the Company does not have experiences of being a director of a public listed company.

Nanta Tech Ltd Peer Comparison

Understand the company’s industry standing

Nanta Tech Ltd
PRO FX Tech Limited
Face Value
10
10
Standalone / Consolidated
Standalone
Standalone
Total Income Rs. Cr.
---
---
EPS-Basis
13.12
9.51
EPS-Diluted
13.12
9.51
NAV Per Share
38.37
28.68
P/E-Basic EPS
---
7.88
P/E-Diluted EPS
---
---
RONW(%)
33.66
33.17
Latest NAV Period
---
---
Latest NAV
---
---
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The IPO opens on 23 Dec 2025 & closes on 26 Dec 2025.

Nanta Tech Limited was originally incorporated as Nanta Tech Private Limited', on June 26, 2023, with the Registrar of Companies, Central Registration Centre. Subsequently, Company was converted into a Public Limited Company and the name of the Company was changed to Nanta Tech Limited' dated July 26, 2024 through a Fresh Certificate of Incorporation issued by the RoC, Ahmedabad. The Company has taken over the business of Sole Proprietorship Firm i.e., M/s. MNT Technologies of the Promoter Mansiben M. Jani, as per the Business Takeover Agreement dated February 20, 2024. Nanta Tech Limited is an Udhyam registered Company, engaged in the business of supply, installation, testing and commissioning of Audio Visual (AV) products, Service Robots and IT Networking solutions (i.e., wired/ wireless system cabling) which serves different verticals like retail, hospitality, enterprise, educational and infrastructure, among others. The Company launched the IPO by issuing 14,46,000 equity shares of Rs 10 through fresh issue on December 26, 2025.

Nanta Tech Ltd IPO will close on 26 Dec 2025.

  • Wide product portfolio having applications across various customer segments.
  • Wide network of dealer and distribution channel.
  • Having required certifications and approvals of end user.
  • Efficient Marketing Practices.
  • Well established relationship with clients.
  • Leveraging the experience of its Promoters and Directors.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Mayank A Jani 135600 3.68 135600 2.64
2 Jani Mansiben Manyankkumar 2802355 76.06 2802355 54.62
3 Jani Gitaben Arvindbhai 23 --- 23 ---
4 Dhirajkumar Chinubhai Acharya 4800 0.13 4800 0.09

  • The Company has acquired the business of M/s MNT Technologies (sole - proprietorship firm of one of its Promoters) thus the company have limited operating history as a Company. Its limited history as a Company can make it difficult for investors to evaluate the company historical performance or future prospects and any future acquisition(s) can result in operating difficulties, integration issues and other adverses consequences.
  • The company are highly dependent on certain customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverses effect on the company profitability and results of operations.
  • The company business and profitability heavily relies on the consistent and timely availability of products. Any disruption in supply or price volatility of these products can negatively impact its operations and financial health. Additionally, the company dependence on third-party manufacturers/suppliers/vendors, without firm supply commitments or exclusives arrangements, poses a risk. The loss of any suppliers could adversely affect the company business, operational outcomes, and financial condition.
  • Its future growth is dependent upon the company ability to identify and maintain new products, technologies and customers that achieves market acceptances with acceptable margins.
  • The company business is dependent on global suppliers/manufacturers effectively maintaining, promoting or developing their brands and maintaining standard quality products including launching new AV (Audio-Video) products and services robots at regular intervals.
  • The Company, Promoters, Directors, KMP and SMP are involved in certain legal proceedings and litigations. Any adverses decision in such proceedings may render its/them liable to liabilities/penalties which may adversely affect the company business, financial condition and results of operations.
  • The company revenues is heavily reliant on its operations within certain geographical regions. Any adverses developments, such as economic downturns, political instability, or natural disasters, in these regions could significantly impact its revenues and overall financial performance. Additionally, any disruption, breakdown or shutdown of the company operating facilities concentrated in Gujarat, may also have a material adverses effect on its business, financial condition, results of operations and cash flow.
  • Majority of the company revenues from operations is derived from one segment i.e. providing Audio-Video Solutions to the company clients. Any disruption in the continuous supply from its vendors would have a material adverse effect on the company business, results of operations and financial.
  • The company could be subject to product liability claims, refunds and recalls or return of products, warranty claims which may have a material adverses impact, in which case its business and revenues, and ultimately the company reputation, could be negatively affected.
  • The company Restated Financial Statements for the financial year ended March 31, 2023, the period ended February 20, 2024, the financial year ended March 31, 2024 (consolidated financial statements of MNT Technologies and Nanta Tech Limited), and the financial year ended March 31, 2025, as included in this Red Herring Prospectus, have undergones certain modifications and updates.
  • Its may faces the risk of becoming obsolete dues to rapid technological changes.
  • The industry in which the company operates possess various risks and challenges could have a material adverses effect on its business, financial condition, cash flow, and results of operations.
  • Restrictions on import may adversely impact the company business, cash flows and results of operations.
  • The company business and results of operations are dependent on the contracts/ purchases orders that its enter into. The Company has not entered into any long-term contracts with its customers and the company typically operates on the basis of orders received on hand. Inability to maintain regular order flow and any breach of the conditions under these contracts/ purchases orders may adversely affect its business and results of operations.
  • The company funding requirements and the proposed deployment of Net Proceeds has not been appraised by a public financial institution or a scheduled commercial bank and its management will have broad discretion over utilization of the Net Proceeds.
  • The Company had negatives cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
  • The company does not own the registered office, godown and experiences centres from which its carry out the company business activities. In case of nonrenewal of rent agreements or disputes in relation to uses of the said premises, the company business and results of operations can be adversely affected.
  • Any disruption or shutdown of the company godown, could adversely affect its business, results of operations and financial condition.
  • Currently the Company has only one experiences centre for display of its products.
  • The Company's customers operates in various industry segments/verticals and fluctuations in the performance of the industries in which the customers operates may result in a loss of customers, a decreases in the volume of work undertakes or the price at which the company offer its products.
  • The company may seek to expand its product portfolio and target emerging product areas. If such products does not witness demand that the company expect them to, its business and results of operations may be adversely affected.
  • The company historical performances is not indicatives of its future growth or financial results and the company may not be able to sustain or increase its historical growth rates.
  • Any Penalty or demand raised by statutory authorities in future will affect financial position of the Company.
  • The company are dependent on third-party transportation providers for the delivery of products supplied and distributed by its.
  • The Company is subject to foreign exchange control regulations which can pose a risk of currency fluctuation.
  • The company insurances coverages may not be adequates to protect its against certain operating hazards and this may have a material adverses effect on the company business.
  • As of September 30, 2025, the company had contingent liabilities which has not been provided for in its financial statements and could adversely affect the company financial condition.
  • The company are exposed to credit risk from its customers and the recoverability of the company trade receivables is subject to uncertainties.
  • There are certain discrepancies/errors/delay filings noticed in some of the company corporates records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporates or any other law could impact the financial position of the Company to that extent.
  • The company operations require a significant amount of working capital. Any inability to meet its working capital requirements may adversely affect the company business, financial condition, cash flows and results of operations.
  • Any IT system failures or lapses on part of any of the company employees may lead to operational interruption, liabilities or reputational harm.
  • The markets the company serve are subject to cyclical demand and vulnerable to economic downturn, which could harmour business and make it difficult to project long-term performance.
  • The Company has entered into related party transactions in the past and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.
  • If the company fail to maintain an effectives system of internal controls, its may not be able to successfully manages, or accurately report, the company financial risks. Despite its internal control systems, the company may be exposed to operational risks, including fraud, petty theft and embezzlement, which may adversely affect its reputation, business, financial condition, results of operations and cash flows.
  • The company expansion into product categories and business verticals and increase in the number of products offered may exposes its to new challenges and more risks.
  • The company has not yet placed orders in relation to the capital expenditures to be incurred for the Proposed Manufacturing Unit. In the event of any delay in placing the orders, or in the event the vendors are not able to provides the plant and machineries or completes the civil and related works etc. in a timely manner, or at all, the same may result in time and cost over-runs.
  • The company are required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operates its business and in case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operates its business it may have a material adverses effect on the company business.
  • The Company is not having any exact comparable Indian peer which have similar business to its Company.
  • The company depends on skilled personnel and if its are unable to recruit and retain skilled personnel, the company ability to operates or grow its business could be affected. Further the company may be subject to employee unrest, slowdowns and increased wages costs, which may have an adverses effect on the company business, operations, our cash flow and financial condition.
  • The company success largely depends upon the knowledges and experiences of the company Promoters, Directors, our Key Managerial Personnel and Senior Management as well as the company ability to attract and retain them. Any loss of its Promoter, Directors, Key Managerial Personnel, Senior Management or the company ability to attract and retain them could adversely affect its business, financial condition and results of operations.
  • The company faces substantial and increasingly intense competition in the AV (Audio-Video) Industry & Robotics industry. If its are unable to competes effectively, the company business, financial condition, results of operations and prospects would be materially and adversely affected.
  • Adverses publicity regarding any product the company sell could negatively impact its.
  • Some of the company trade names and its Company's logo are not registered as on date of this Red Herring Prospectus. The company may be unable to adequately protect its intellectual property. Furthermore, the company may be subject to claims alleging breach of third-party intellectual property rights.
  • The trademark "ALLBOTIX " is originally registered in the name of the company Promoter, Mayank Arvindbhai Jani. Its Company has acquired the same on the basis of a No Objection Certificate dated September 01, 2023.
  • Fraud, theft, employee negligences or similar incidents may adversely affect the company results of operations and financial condition.
  • There may be potential conflict of interests between the Company and other ventures or enterprises promoted by its promoters or directors.
  • The company have incurred indebtedness and an inability to comply with repayment and other covenants in the company financing agreements could adversely affect its business and financial condition.
  • Certain unsecured loans availed by the Company are repayable on demand. Any demand for repayment of such unsecured loans, may adversely affect its cash flows.
  • The company relies on financing from banks or financial institutions to carry on its business operations, and inability to obtain additional financing on terms favourable to the company or at all could have an adverses impact on its financial condition. Further, certain of the company financing agreements involves variables interest rates and an increases in interest rates may adversely affect its results of operations and financial condition. If the company are unable to raise additional capital, its business and future financial performance could be adversely affected.
  • The company members of Promoter Group have mortgaged their property and provided personal guarantees to loan facility availed by its, which if revoked may require alternatives guarantees, repayment of amounts dues or termination of the facilities.
  • The company Promoters and promoter group members are interested in its Company's performances in addition to their remuneration and reimbursement of expenses.
  • The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Any shortfall in raising / meeting the same could adversely affect the company growth plans, operations and financial performance.
  • There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
  • Its ability to pay dividends will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and other factors.
  • The company cannot guarantee the accuracy or completeness of facts and other statistics with respect to the industry data contained in the Red Herring Prospectus. Industry information included in this Draft Prospectus has been derived from publicly available industry reports. There can be no assurances that such third-party statistical, financial and other industry information is either completes or accurates.
  • Its Promoters and members of the Promoter Group will continues jointly to retain majority control over the Company after the Issue, which will allow them to determines the outcomes of matters submitted to shareholders for approval.
  • The company futures funds requirements, in the form of issue of capital or securities and/or loans taken by its, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
  • The averages cost of acquisition of Equity Shares by the Promoters may be less than the Issue Price.
  • The Promoters and Executives Directors of the Company does not have experiences of being a director of a public listed company.

The Issue type of Nanta Tech Ltd is Book Building - SME.

The minimum application for shares of Nanta Tech Ltd is 1200.

The total shares issue of Nanta Tech Ltd is 1446000.

Initial public offer of upto 14,46,000 equity shares of face value of Rs.10/- each (the "Equity Shares") of Nanta Tech Limited ("the Company" or "Nanta" or "the Issuer") for cash at a price of Rs.209-Rs. 220/- per equity share including a share premium of Rs. 199- Rs. 210/- per equity share (the "Issue Price") aggregating to Rs. 30.22-Rs. 31.81 crores ("the Issue"), of which upto 86,400 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 209-Rs. 220/- per equity share including a share premium of Rs. 199-Rs. 210/- per equity share aggregating to Rs. 1.81-Rs. 1.90 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 upto 13,59,600 equity shares of face value of Rs.10/- each at a price of Rs. 209-Rs.220/- per equity share including a share premium of Rs. 199- Rs.210/- per equity share aggregating to Rs. 28.42.06-Rs. 29.91 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 28.19% and 26.50% respectively of the post issue paid up equity share capital of the company. Price Band: 220/- per equity share of face value of Rs. 10/- each. The floor price is 22 times of the face value of the equity shares. Bids can be made for a minimum of 1,200 equity shares and in multiples of 600 equity shares thereafter.