The Phoenix Mills Ltd. (PDF)
Trending Sector
Top Losers
Current IPOs
Closed IPOs
Listed IPOs
IPO Performers
CAGR Calculator
Adani Ports and SEZ
Neptune Petrochemicals Ltd IPO
Status: Closed
Overview
IPO date
28 May 2025 to 30 May 2025
Face value
₹ 10 per share
Price
₹ 115 to ₹122 per share
Issue Size
6,000,000 shares
(aggregating up to ₹ 73.2 Cr)
(aggregating up to ₹ 73.2 Cr)
Allotment Date
02 Jun 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Petrochemicals
Objectives of Neptune Petrochemicals Ltd IPO
Initial public issue of 60,00,000 equity shares of Rs. 10/- each ("Equity Shares") of Neptune Petrochemicals Limited ("NPL" or the "Company" or the "Issuer") for cash at a price of Rs. 122/- per equity share including a share premium of Rs. 112/- per equity share (the "Issue Price"), Aggregating to Rs.73.20 crores ("the Issue"), of which 3,00,000 equity shares of Rs. 10/- each for cash at a price of Rs. 122/- per equity share including a share premium of Rs. 112/- per equity share aggregating to Rs.3.66 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 57,00,000 equity shares of Rs. 10/- each including a share premium of Rs. 112/- per equity share aggregating to Rs. 69.54 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.49% and 25.16%, respectively of the post issue paid up equity share capital of the company.
The face value of the equity shares is Rs. 10.00 each.
The price band will be decided by the company.
The face value of the equity shares is Rs. 10.00 each.
The price band will be decided by the company.
Neptune Petrochemicals Ltd IPO Strategy
- Process Optimization.
- Testing Protocols.
- Expansion and Upgradation of Our Manufacturing Facilities.
- Continue to Focus on Operational Efficiencies and Improving Productivity
- Strengthen Relationships with Existing Customers and Expand Customer Base
- Having Manufacturing Units near to the Demand Markets.
About Neptune Petrochemicals Ltd
Neptune Petrochemicals Limited was formed as Partnership Firm in the name and style of 'M/s. Neptune Tradelink' pursuant to a Deed of Partnership dated April 03, 2021. 'M/s. Neptune Tradelink' thereafter converted from a Partnership Firm to a Private Limited Company with the name 'Neptune Petrochemicals Private Limited' vide Certificate of Incorporation dated October 21, 2021 issued by Registrar of Companies, Central Registration Centre. Subsequently, the status was converted into a Public Limited Company and the name of Company was changed from 'Neptune Petrochemicals Private Limited' to 'Neptune Petrochemicals Limited' vide fresh Certificate of Incorporation dated July 16, 2024 issued by the Registrar of Companies, Central Processing Centre.
The Company is engaged in the business of production, manufacturing, and trading of a comprehensive range of bitumen products,
bitumen emulsions and allied materials. It offer diverse products such as various grades of bitumen, modified bitumen like Polymer Modified Bitumen, Crumb Rubber based modified bitumen and oils to multiple industries, including construction, roads and highways, and various industrial applications. It further offer products to road construction and infrastructure industries.
The Company works out 3 manufacturing units in Panipat, Haryana, Kamrup in Assam and Ahmedabad in Gujarat. It also operate a blending unit in Sanand District of Ahmedabad. It has established plant of Emulsions, PMB (Polymer Modified Bitumen), CRMB (Crumb Rubber based modified bitumen) & other value-added Bituminous Products. Bitumen Emulsion Plant is self-functional fully automatic batch machine. It produces quality material from all grades of Bitumen Emulsion, PMB CRMB & Bituminous Products used for making road, water proofing & several other constructions and allied industries.
The Company is planning an Initial Public Offer of upto 60,00,000 Fresh Issue Equity Shares.
Unlock Stock of the Month
T&C*
Strengths vs Risks of Neptune Petrochemicals Ltd
Know the pros & cons
Strengths
Diverse Product Portfolio.- Industry Experience.
- Focused Market Segmentation.
- Effective Production Planning.
- Ability to Serve Peak Demand.
- Quality Products.
Risks
- Dependence on international suppliers for raw bitumen and petroleum oils could lead to supply disruptions due to geopolitical issues, trade restrictions, or logistical challenges which may affect operational performance and financial condition.
- Majority of its revenue comes from trading of bitumen and allied products, which exposes it to price fluctuations and supply chain disruptions, which can affect profitability and financial stability.
- If the company fails to acquire new consumers or fail to do so in a cost-effective manner, its may not be able to increase revenue or maintain profitability.
- Its business is subject to seasonal fluctuations, particularly during the monsoon season. The primary risk associated with this period is a potential slowdown in road construction and other construction activities, which directly impacts the demand for bitumen products.
- Significant changes in crude oil prices can substantially affect bitumen costs, as bitumen is a byproduct of crude oil refining, leading to increased volatility in pricing and profitability.
- Underutilization of installed capacity of the company may pose a significant risk to operational efficiency and financial performance.
- The company is dependent on a few key customers for a significant portion of its revenue. The loss of any major customer could have a material adverse impact on its financial performance.
- Its top ten suppliers contribute majority of the company purchases. Any loss of business with one or more of them may adversely affect its business operations and profitability.
- There are outstanding legal proceedings involving the Company, Directors and Promoters. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- There are certain discrepancies and non-compliances noticed in some of its financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.
- Breakdowns or malfunctions in equipment such as bitumen decanters and manual ovens can disrupt production and lead to increased maintenance costs.
- The company require certain approvals and licenses in the ordinary course of business and the failures to successfully obtain such registrations would adversely affect its operations, results of operations and financial condition.
- The company is Exposed to Risks from Labour Shortages, Strikes, and Wage Demands that Could Affect its Cash Flows and Operational Performance.
- Failures in maintaining optimal temperatures in heating systems or storage tanks can lead to product quality issues or loss of material.
- The company is exposed to environmental risks in production which include emissions, waste management challenges, and potential contamination that can lead to regulatory penalties, environmental harm, and increased operational costs if not properly managed.
- Its success is dependent on the company Promoter, management team and skilled manpower. Its inability to attract and retain key personnel or the loss of services of its Promoter or Managing Director and Whole Time Director may have an adverse effect on its business prospects.
- The company relies on rented properties for its operations, and the termination or non-renewal of these lease agreements could disrupt its business operations and adversely impact its performance.
- Debt facilities sanctioned to the Company have been secured on personal guarantees of its Directors and Promoters. Its business, financial condition, results of operations, cash flows and prospects may be adversely affected in case of invocation of any personal guarantees provided by its Directors and promoters.
- Its inability to effectively manage the company growth or to successfully implement its business plan and growth strategy could have an effect on its business, results of operations and financial condition.
- Its may not be able to prevent unauthorised use of trademarks obtained/ applied for by third parties, which may lead to the dilution of its goodwill.
- The Company is yet to place orders for 100% of the plant & machinery and related infrastructure for its proposed object, as specified in the Objects of the Issue. Any delay in placing orders, procurement may delay its implementation schedule and may also lead to increase in price of these plant & machinery, further affecting its revenue and profitability.
- The company faces competition in its business from organized and unorganized players, which may adversely affect its business operation and financial condition.
- Changes in technology may render its current technologies obsolete or require it to make substantial investments.
- The company is exposed to risks related to handling and storing fuels, chemicals for bitumen modification which can cause safety hazards, regulatory penalties, and increased cleanup and compliance costs.
- The company has significant power requirements for continuous running of its factories. Any disruption to its operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on its business, results of operations and financial condition.
- Any defaults or delays in payment by a significant portion of its customers, may have an adverse effect on cash flows, results of operations and financial condition.
- The loss, shutdown or slowdown of operations of its facility or the under-utilization of any such facility may have a material effect on its results of operations and financial condition.
- The company has entered into and may enter into related party transactions in the future also.
- The unsecured loan availed by the Company from Promoter and Director may be recalled at any given point of time.
- If there is a change in policies related to tax, duties or other such levies applicable to the company, it may affect its results of operations.
- There is potential for accidents or injuries associated with handling hot bitumen and chemicals, which could lead to health issues, legal liabilities, and increased insurance.
- Its ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
- The company has experienced negative cash flows in the past. Any such negative cash flows in the future could affect its business, results of operations and prospects.
- Its may encounter conflicts of interest due to shared business objectives between the Company and entities within its Promoter Group.
- The company faces foreign exchange risks that could affect its results of operations.
- The company directors does not have experience of a listed company and in the absence of such experience, it could adversely affect its corporate governance and business operations of the Company.
- Its Promoter and Executive Directors hold Equity Shares in the Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
- The company is subject to the risk of failures of, or a material weakness in, its internal control systems.
- Major fraud, lapses of internal control or system failures could adversely impact the company's business.
- Its business is substantially affected by prevailing economic, political and other prevailing conditions in India.
- The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
- The company has not independently verified certain data in this Red Herring Prospectus.
- The company is susceptible to risks relating to unionization of its workers employed by the company.
- Any Penalty or demand raise by statutory authorities in future will affect its financial position of the Company.
- The company has not identified any alternate source of raising the capital expenditure and working capital mentioned as its `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
- Any increase in or occurrence of its contingent liabilities and commitments may adversely affect its financial condition.
- Portion of its Issue Proceeds are proposed to be utilized for general corporate purposes which constitute [?] of the Issue Proceed. As on date the company has not identified the use of such funds.
- The company has in the last 12 months issued Equity Shares at a price that may be at lower than the Issue Price.
- The average cost of acquisition of Equity Shares by its Promoter could be lower than the Issue Price.
- The company will continue to be controlled by its Promoter and Promoter Group after the completion of the Issue, which will allow them to influence the outcome of matters submitted for approval of its shareholders.
- Its Equity Shares have never been publicly traded and may experience price and volume fluctuations following the completion of the Issue, an active trading market for the Equity Shares may not develop, the price of its Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all.
- Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
- The Issue Price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.
- A third party could be prevented from acquiring control of the Company because of anti-takeover provisions under Indian law.
- The requirements of being a listed company may strain its resources and distract management.
- Its may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure and any future equity offerings by it.
- Its insurance may not be adequate to protect the company against all potential losses to which its may be subject.
Neptune Petrochemicals Ltd Peer Comparison
Understand the company’s industry standing
Neptune Petrochemicals Ltd
Agarwal Industrial Corporation Ltd
Nexxus Petro Industries Ltd
Face Value
10
10
10
Standalone / Consolidated
Standalone
Consolidated
Standalone
Total Income Rs. Cr.
667.7377
2125.2993
237.7848
EPS-Basis
13.87
73.02
8.99
EPS-Diluted
---
---
---
NAV Per Share
19.16
341.64
12.42
P/E-Basic EPS
8.80
13.85
22.94
P/E-Diluted EPS
---
---
---
RONW(%)
65.25
21.37
40.36
Latest NAV Period
---
---
---
Latest NAV
---
---
---
How to check the allotment status of Neptune Petrochemicals Ltd IPO?
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
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
IPO reads
Stay updated with the latest IPO developments
December 9, 2024 | 5 min read
11 IPOs This Week: ₹18,482 Crores in Focus – GMP, SWOT, and All You Need to Know!
December 2, 2024 | 5 min read
Upcoming IPOs in December 2024: A Packed Month for Investors
November 25, 2024 | 5 min read
SME IPO Rush: 6 Issues Worth ₹410 Cr. Know Key Details Here!
October 25, 2024 | 5 min read
Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!
October 22, 2024 | 5 min read
Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!
October 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
September 6, 2024 | 5 min read
Bajaj Housing Finance IPO: All You Need to KnowOctober 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
August 26, 2024 | 5 min read
Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue LaunchMore on IPOs
Navigate your way to other IPO resources
Latest videos on IPOs
IPO highlights & details!
FAQs on IPO
Get answers to all your questions here!
The IPO opens on 28 May 2025 & closes on 30 May 2025.
Neptune Petrochemicals Limited was formed as Partnership Firm in the name and style of 'M/s. Neptune Tradelink' pursuant to a Deed of Partnership dated April 03, 2021. 'M/s. Neptune Tradelink' thereafter converted from a Partnership Firm to a Private Limited Company with the name 'Neptune Petrochemicals Private Limited' vide Certificate of Incorporation dated October 21, 2021 issued by Registrar of Companies, Central Registration Centre. Subsequently, the status was converted into a Public Limited Company and the name of Company was changed from 'Neptune Petrochemicals Private Limited' to 'Neptune Petrochemicals Limited' vide fresh Certificate of Incorporation dated July 16, 2024 issued by the Registrar of Companies, Central Processing Centre.
The Company is engaged in the business of production, manufacturing, and trading of a comprehensive range of bitumen products,
bitumen emulsions and allied materials. It offer diverse products such as various grades of bitumen, modified bitumen like Polymer Modified Bitumen, Crumb Rubber based modified bitumen and oils to multiple industries, including construction, roads and highways, and various industrial applications. It further offer products to road construction and infrastructure industries.
The Company works out 3 manufacturing units in Panipat, Haryana, Kamrup in Assam and Ahmedabad in Gujarat. It also operate a blending unit in Sanand District of Ahmedabad. It has established plant of Emulsions, PMB (Polymer Modified Bitumen), CRMB (Crumb Rubber based modified bitumen) & other value-added Bituminous Products. Bitumen Emulsion Plant is self-functional fully automatic batch machine. It produces quality material from all grades of Bitumen Emulsion, PMB CRMB & Bituminous Products used for making road, water proofing & several other constructions and allied industries.
The Company is planning an Initial Public Offer of upto 60,00,000 Fresh Issue Equity Shares.
Neptune Petrochemicals Ltd IPO will close on 30 May 2025.
- Diverse Product Portfolio.
- Industry Experience.
- Focused Market Segmentation.
- Effective Production Planning.
- Ability to Serve Peak Demand.
- Quality Products.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Paresh Subodchandra Shah | 7655100 | 45.97 | 7655100 | 33.79 |
| 2 | Riddhi Pareshkumar Shah | 7279850 | 43.71 | 7279850 | 32.14 |
| 3 | Sanjaykumar Subodhchandra Shah | 340000 | 2.04 | 340000 | 1.5 |
| 4 | Subodhchandra Sohchandbhai Sha | 50000 | 0.3 | 50000 | 0.22 |
| 5 | Shah Aashay Sanjaykumar | 15010 | 0.09 | 15010 | 0.07 |
| 6 | Neha Sanjaykumar Shah | 144990 | 0.87 | 144990 | 0.64 |
| 7 | Sanjay S Shah (HUF) | 100000 | 0.6 | 100000 | 0.44 |
| 8 | Vaishaliben Vora | 70000 | 0.42 | 70000 | 0.31 |
| 9 | Shah Krupa Jasmin | 50000 | 0.3 | 50000 | 0.22 |
- Dependence on international suppliers for raw bitumen and petroleum oils could lead to supply disruptions due to geopolitical issues, trade restrictions, or logistical challenges which may affect operational performance and financial condition.
- Majority of its revenue comes from trading of bitumen and allied products, which exposes it to price fluctuations and supply chain disruptions, which can affect profitability and financial stability.
- If the company fails to acquire new consumers or fail to do so in a cost-effective manner, its may not be able to increase revenue or maintain profitability.
- Its business is subject to seasonal fluctuations, particularly during the monsoon season. The primary risk associated with this period is a potential slowdown in road construction and other construction activities, which directly impacts the demand for bitumen products.
- Significant changes in crude oil prices can substantially affect bitumen costs, as bitumen is a byproduct of crude oil refining, leading to increased volatility in pricing and profitability.
- Underutilization of installed capacity of the company may pose a significant risk to operational efficiency and financial performance.
- The company is dependent on a few key customers for a significant portion of its revenue. The loss of any major customer could have a material adverse impact on its financial performance.
- Its top ten suppliers contribute majority of the company purchases. Any loss of business with one or more of them may adversely affect its business operations and profitability.
- There are outstanding legal proceedings involving the Company, Directors and Promoters. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- There are certain discrepancies and non-compliances noticed in some of its financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.
- Breakdowns or malfunctions in equipment such as bitumen decanters and manual ovens can disrupt production and lead to increased maintenance costs.
- The company require certain approvals and licenses in the ordinary course of business and the failures to successfully obtain such registrations would adversely affect its operations, results of operations and financial condition.
- The company is Exposed to Risks from Labour Shortages, Strikes, and Wage Demands that Could Affect its Cash Flows and Operational Performance.
- Failures in maintaining optimal temperatures in heating systems or storage tanks can lead to product quality issues or loss of material.
- The company is exposed to environmental risks in production which include emissions, waste management challenges, and potential contamination that can lead to regulatory penalties, environmental harm, and increased operational costs if not properly managed.
- Its success is dependent on the company Promoter, management team and skilled manpower. Its inability to attract and retain key personnel or the loss of services of its Promoter or Managing Director and Whole Time Director may have an adverse effect on its business prospects.
- The company relies on rented properties for its operations, and the termination or non-renewal of these lease agreements could disrupt its business operations and adversely impact its performance.
- Debt facilities sanctioned to the Company have been secured on personal guarantees of its Directors and Promoters. Its business, financial condition, results of operations, cash flows and prospects may be adversely affected in case of invocation of any personal guarantees provided by its Directors and promoters.
- Its inability to effectively manage the company growth or to successfully implement its business plan and growth strategy could have an effect on its business, results of operations and financial condition.
- Its may not be able to prevent unauthorised use of trademarks obtained/ applied for by third parties, which may lead to the dilution of its goodwill.
- The Company is yet to place orders for 100% of the plant & machinery and related infrastructure for its proposed object, as specified in the Objects of the Issue. Any delay in placing orders, procurement may delay its implementation schedule and may also lead to increase in price of these plant & machinery, further affecting its revenue and profitability.
- The company faces competition in its business from organized and unorganized players, which may adversely affect its business operation and financial condition.
- Changes in technology may render its current technologies obsolete or require it to make substantial investments.
- The company is exposed to risks related to handling and storing fuels, chemicals for bitumen modification which can cause safety hazards, regulatory penalties, and increased cleanup and compliance costs.
- The company has significant power requirements for continuous running of its factories. Any disruption to its operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on its business, results of operations and financial condition.
- Any defaults or delays in payment by a significant portion of its customers, may have an adverse effect on cash flows, results of operations and financial condition.
- The loss, shutdown or slowdown of operations of its facility or the under-utilization of any such facility may have a material effect on its results of operations and financial condition.
- The company has entered into and may enter into related party transactions in the future also.
- The unsecured loan availed by the Company from Promoter and Director may be recalled at any given point of time.
- If there is a change in policies related to tax, duties or other such levies applicable to the company, it may affect its results of operations.
- There is potential for accidents or injuries associated with handling hot bitumen and chemicals, which could lead to health issues, legal liabilities, and increased insurance.
- Its ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
- The company has experienced negative cash flows in the past. Any such negative cash flows in the future could affect its business, results of operations and prospects.
- Its may encounter conflicts of interest due to shared business objectives between the Company and entities within its Promoter Group.
- The company faces foreign exchange risks that could affect its results of operations.
- The company directors does not have experience of a listed company and in the absence of such experience, it could adversely affect its corporate governance and business operations of the Company.
- Its Promoter and Executive Directors hold Equity Shares in the Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
- The company is subject to the risk of failures of, or a material weakness in, its internal control systems.
- Major fraud, lapses of internal control or system failures could adversely impact the company's business.
- Its business is substantially affected by prevailing economic, political and other prevailing conditions in India.
- The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
- The company has not independently verified certain data in this Red Herring Prospectus.
- The company is susceptible to risks relating to unionization of its workers employed by the company.
- Any Penalty or demand raise by statutory authorities in future will affect its financial position of the Company.
- The company has not identified any alternate source of raising the capital expenditure and working capital mentioned as its `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
- Any increase in or occurrence of its contingent liabilities and commitments may adversely affect its financial condition.
- Portion of its Issue Proceeds are proposed to be utilized for general corporate purposes which constitute [?] of the Issue Proceed. As on date the company has not identified the use of such funds.
- The company has in the last 12 months issued Equity Shares at a price that may be at lower than the Issue Price.
- The average cost of acquisition of Equity Shares by its Promoter could be lower than the Issue Price.
- The company will continue to be controlled by its Promoter and Promoter Group after the completion of the Issue, which will allow them to influence the outcome of matters submitted for approval of its shareholders.
- Its Equity Shares have never been publicly traded and may experience price and volume fluctuations following the completion of the Issue, an active trading market for the Equity Shares may not develop, the price of its Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all.
- Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
- The Issue Price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.
- A third party could be prevented from acquiring control of the Company because of anti-takeover provisions under Indian law.
- The requirements of being a listed company may strain its resources and distract management.
- Its may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure and any future equity offerings by it.
- Its insurance may not be adequate to protect the company against all potential losses to which its may be subject.
The Issue type of Neptune Petrochemicals Ltd is Book Building - SME.
The minimum application for shares of Neptune Petrochemicals Ltd is 1000.
The total shares issue of Neptune Petrochemicals Ltd is 6000000.
Initial public issue of 60,00,000 equity shares of Rs. 10/- each ("Equity Shares") of Neptune Petrochemicals Limited ("NPL" or the "Company" or the "Issuer") for cash at a price of Rs. 122/- per equity share including a share premium of Rs. 112/- per equity share (the "Issue Price"), Aggregating to Rs.73.20 crores ("the Issue"), of which 3,00,000 equity shares of Rs. 10/- each for cash at a price of Rs. 122/- per equity share including a share premium of Rs. 112/- per equity share aggregating to Rs.3.66 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 57,00,000 equity shares of Rs. 10/- each including a share premium of Rs. 112/- per equity share aggregating to Rs. 69.54 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.49% and 25.16%, respectively of the post issue paid up equity share capital of the company.
The face value of the equity shares is Rs. 10.00 each.
The price band will be decided by the company.
The face value of the equity shares is Rs. 10.00 each.
The price band will be decided by the company.
Live video call With Our Agent