Artemis Electricals & Projects Ltd - IPO

Artemis Electricals & Projects Ltd IPO Details

Initial Public Issue of 70,00,000 equity shares of face value of Rs. 10 each (equity shares) of Artemis Electricals Limited (the company or the issuer) for cash at a price of Rs. 60 per equity share (the issue price), (including a premuim of Rs. 50 per equity share), aggregating Rs. 42 Crores (the issue), of which 3,56,000 equity shares of face value of Rs. 10 for cash at a price of Rs. 60 each aggregating Rs. 2.14 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 66,44,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 60 per equity share, aggregating to Rs. 39.86 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 28.34 and 26.89 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 issue price is Rs.60 and is 6 times the face value of the equity shares.Bid can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.

Objective of issue

Long Term Working Capital Requirements. Purchase of Machinery / Equipment. General Corporate Purposes.

Artemis Electricals & Projects Ltd Contact Details

Artemis Electricals & Projects Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - contact@artemiselectricals.com

Website - www.artemiselectricals.com