Kody Technolab Ltd - IPO

Kody Technolab Ltd IPO Details

Initial public issue of 17,20,000 equity shares of Rs. 10/- each (Equity Shares) of Kody Technolab Limited (KTL or the Company or the Issuer) for cash at a price of Rs. 160/- per equity share including a share premium of Rs. 150/- per equity share (the Issue Price), aggregating to Rs. 27.52 crores (The Issue), of which 86,400 equity shares of Rs. 10/- each for cash at a price of Rs. 160/- per equity share including a share premium of Rs. 150/- per equity share aggregating to Rs. 1.38 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 16,33,600 equity shares of Rs. 10/- each including a share premium of Rs. 150/- per equity share aggregating to Rs. 26.14 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.99% and 25.63%, respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10/- and the issue price isRs. 160/- the issue price is 16.00 times of the face value.

Objective of issue

Funding capital expenditure towards setting up developement center at gift city Gandhinagar. Funding incremental working capital requirement of the company. Repayment/prepayment of certain borrowings availed by the company. General corporate expenses.

Kody Technolab Ltd Contact Details

Kody Technolab Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@kodytechnolab.com

Website - www.kodytechnolab.com