Loyal Equipments Ltd - IPO

Loyal Equipments Ltd IPO Details

Public issue of 18,00,000 equity shares of face value of Rs. 10 each of Loyal Equipments Ltd (The company or The issuer) for cash at a price of Rs. 18.00 per equity share (Including a share premium of Rs. 8.00 per equity share) (Issue price aggregating to Rs. 3.24 crores (The Issue) of which 96,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 18.00 per equity share, aggregating to Rs. 0.17 crores will be reserved for subscription by market maker (Market maker reservation portion). The issue less the market maker reservation portion i.e issue of 17,04,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 18.00 per equity share aggregating to Rs. 3.07 crores. The issue and the net issue will constitute 26.47% and 25.06%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10.00 each and The issue price is Rs. 18.00. The issue price is 1.8 times of the face value.

Objective of issue

To meet working capital requirement.

Loyal Equipments Ltd Contact Details

Loyal Equipments Ltd, Unit No 1 Luthra Ind, Andheri Kurla Road, Safed Pool Andheri(E, Mumbai - 400 072

Phone - 91-22-2851 5606

Fax - 91-22-2851 2885

Email - cs@loyalequipments.com, info@loyalequipments.com

Website - www.loyalequipments.com