Crown Lifters Ltd - IPO

Crown Lifters Ltd IPO Details

Public issue of 5,52,000 equity shares of face value of Rs. 10/- each fully paid up of Crown Lifters Limited (Crown Lifters or the Company or the Issuer) for cash at a price of Rs. 121/- per equity share (the Issue price) (including a share premium of Rs. 111/- per equity share aggregating Rs. 6.68 crores (the Issue) by the company, of which 28,000 equity shares of Rs. 10/- each fully paid up will be reserved for subscription by market maker to the issue (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 5,24,000 equity shares of Rs. 10/- each fully paid up is hereinafter referred to as the net issue. The issue and the net issue will Constitute 26.51% and 25.17% 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. 121/-. The Issue price is 12.10 times the face value.

Objective of issue

Purchase of Kobelco Hydraulic Crawler Crane.

Crown Lifters Ltd Contact Details

Crown Lifters Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - cs.cll@crownlifters.com

Website - www.crownlifters.com