Aartech Solonics Ltd - IPO

Aartech Solonics Ltd IPO Details

Public issue of 21,20,000 equity shares of face value of Rs. 10 each of Aartech Solonics Limited (Asl or the company or the issuer) for cash at a price of Rs. 34 per equity share including a share premium of Rs. 24 per equity share (the issue price) aggregating to Rs. 7.21 Crores (the issue), of which 1,08,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 34 per equity share including a share premium of Rs. 24 per equity share aggregating to Rs. 0.37 Crores will be reserved forSubscription by market maker to the issue (the market maker reservation portion). The issue less the market maker Reservation portion i.e. Net issue of 20,12,000 equity shares of face value of Rs. 10 each at a price of Rs. 34 per equity share including a share premium of Rs. 24 per equity share aggregating to Rs. 6.84 Crores is herein after referred to as the netIssue. The issue and the net issue will constitute 30.03% and 28.50% respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price is 3.4 times of the face value.

Objective of issue

Proceeds from Initial Public Offer.

Aartech Solonics Ltd Contact Details

Aartech Solonics Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliance@aartechsolonics.com

Website - www.aartechsolonics.com