Ideal Technoplast Industries Ltd - IPO

Ideal Technoplast Industries Ltd IPO Details

Initial public issue of 13,25,000 equity shares of face value of Rs. 10/- each of Ideal Technoplast Industries Limited (Ideal or the Company or the Issuer) for cash at a price of Rs. 121/- per equity share including a share premium of Rs. 111/- per equity share (the Issue Price) aggregating to Rs. 16.03 crores (The Issue), of which 67,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 121/- per equity share including a share premium of Rs. 111/- per equity share aggregating to Rs. 0.81 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 12,58,000 equity shares of face value of Rs. 10/- each at a price of Rs. 121/- per equity share including a share premium of Rs. 111/- per equity share aggregating to Rs. 15.22 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.50% and 25.16% respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 121/-. The issue price is 12.10 times of the face value.

Objective of issue

To meet capital expenditure. General corporate purposes.

Ideal Technoplast Industries Ltd Contact Details

Ideal Technoplast Industries Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@idealtechnoplast.com

Website - www.idealtechnoplast.in