Jet Solar Ltd - IPO

Jet Solar Ltd IPO Details

Public issue of 3,60,000 equity share of face value of Rs. 10 each (Equity Shares) of Jet Infraventure Limited (The Company or the Issuer) for cash at a price of Rs. 125 per equity share, including a share premium of Rs. 115 per equity share (The Issue Price), aggregating Rs. 4.50 crores (The Issue), of which 18,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 125 per equity share, aggregating Rs. 0.23 crores will be reserved for subscription by the Market Maker to the issue (The Market Maker Reservation Portion). The issue less Market Maker reservation portion i.e. issue of 3,42,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 125 per equity share, aggregating Rs. 4.28 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 34.35% and 32.63% respectively of the fully diluted 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 of Rs. 125.00 is 12.5 times of the face value of the equity shares.

Objective of issue

Working Capital requirements. Repay certain unsecured loans. General Corporate purposes.

Jet Solar Ltd Contact Details

Jet Solar 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 - info@jetinfra.com

Website - www.jetinfra.com