Metalic Technoforge Ltd - IPO

Metalic Technoforge Ltd IPO Details

Initial public offer of 64,88,000 equity shares of face value of Rs.10/- each (the Equity Shares) of Metalic Technoforge Limited (the Company or Metalic or the Issuer) at an issue price of Rs. 77 per equity share including a share premium of Rs. 67 per equity share (the Issue Price) aggregating to Rs. 49.96 Crores (the Issue), of which 3,28,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 77 per equity share including a share premium of Rs. 67 per equity share aggregating to Rs. 2.53 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 61,60,000 equity shares of face value of Rs. 10/- each at a price of Rs. 77 per equity share including a share premium of Rs. 67 per equity share aggregating to Rs. 47.43 Crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27.05% and 25.68% respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 77 per equity share of face value of Rs. 10/- each.The floor price is 7.7 times the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.

Objective of issue

Funding of capital expenditure requirements of the Company towards setting up of the proposed Manufacturing Unit IV and upgradation of existing units at manufacturing facility in Rajkot, Gujarat.. Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by its Company.. General corporate purposes.

Metalic Technoforge Ltd Contact Details

Metalic Technoforge Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@metalictechnoforge.com

Website - www.metalictechnoforge.com