Durlax Top Surface Ltd - IPO

Durlax Top Surface Ltd IPO Details

Initial public offer of 60,00,000** equity shares of face value of Rs. 10/- each (Equity Shares) of Durlax Top Surface Limited (Company) for cash at a price of Rs. 68/- per equity share (including a share premium of Rs. 58/- per equity share) (Offer Price) aggregating to Rs. 40.80.** crores comprising a fresh issue of 42,00,000** equity shares aggregating to Rs. 28.56** crores by the company (Fresh Issue) and an offer for sale of 18,00,000** equity shares aggregating to Rs. 12.24** crores by the promoter selling shareholder, (the Offered Shares) (the Offer for Sale and together with the fresh issue, the Offer) of which 3,00,000** equity shares aggregating to Rs. 2.04** crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer, less market maker reservation, i.e. net offer 57,00,000** equity shares of face value of Rs. 10/- each at price of Rs. 68/- per equity share aggregating to Rs. 38.76** crores is herein after referred to as the Net Offer. The offer and the net offer will constitute 36.08% and 34.28% respectively of the fully-diluted post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The offer price is 6.8 times the face value of the equity shares. **Subject to finalization of the basis of allotment.

Objective of issue

Part Finance to meet the working capital requirements. General corporate purposes.

Durlax Top Surface Ltd Contact Details

Durlax Top Surface Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@durlaxindia.com

Website - www.durlax.com