Baheti Recycling Industries Ltd - IPO

Baheti Recycling Industries Ltd IPO Details

Initial public offer of 27,60,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Baheti Recycling Industries Limited (The Company or BRIL or The Issuer) at an issue price of Rs. 45/- per equity share for cash, aggregating up to Rs. 12.42 crores (Public Issue) out of which 1,47,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 45/- per equity share for cash, aggregating Rs. 0.66 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 26,13,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 45/- per equity share for cash, aggregating upto Rs. 11.76 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.62% and 25.20% respectively of the post-issue paid-up equity share capital of the company.The face value of the equity share is Rs. 10 each and the issue price is 4.5 times of the face value.The minimum lot size is 3,000 equity shares.

Objective of issue

Modernization and expansion of existing manufacturing unit. To meet Working Capital Requirements. General Corporate Purposes.

Baheti Recycling Industries Ltd Contact Details

Baheti Recycling Industries Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 91-22-23010771/23018261

Fax - 91-22-23012517

Email - info@bahetiindustries.com

Website - www.bahetiindustries.com