Ashoka Buildcon Ltd - IPO

Ashoka Buildcon Ltd IPO Details

Public issue of 6,944,444 equity shares of Rs. 10/- each of Ashoka Buildcon Limited (ABL or the company or the issuer) for cash at a price of Rs. 324 per equity share (including a share premium of Rs. 314 per equity share) aggregating Rs. 225.00 Crores (the issue). The issue includes a reservation of up to 34,722 equity shares of Rs. 10 each for the eligible employees (The Employee Reservation Portion). The issue less the employee reservation portion is referred to as the Net Issue. The issue will constitute 13.2% of the post issue paid up capital of the company and the net issue will constitute 13.1% of the post issue paid up Capital of the company.Issue price: Rs. 324 per equity share of face value Rs. 10 eachThe issue price is 32.4 times the face value

Objective of issue

Investment in capital equipment. To meet working capital requirements. Prepayment/repayment of proj. loans of the company. Funding certain subsidiaries for prepay. of loans. General corporate purposes.

Ashoka Buildcon Ltd Contact Details

Ashoka Buildcon Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - investors@ashokabuildcon.com

Website - www.ashokabuildcon.com