MOS Utility Ltd - IPO

MOS Utility Ltd IPO Details

Initial public offer of 65,74,400* equity shares of face value of Rs. 10 each (Equity Shares) of Mos Utility Limited (Company) for cash at a price of Rs. 76 per equity share (including a share premium of Rs. 66 per equity share) (Offer Price) aggregating to Rs. 49.97 crores comprising a fresh issue of 57,74,400 equity shares aggregating to Rs. 43.89 crores by the company (Fresh Issue) and an offer for sale of 8,00,000 equity shares aggregating to Rs. 6.08 crores by the promoter selling shareholder, (the Ofered Shares) (the Offer for Sale and together with the fresh issue, the Offer) of which 3,29,600 equity shares aggregating to Rs. 2.51 crores were reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer, less market maker reservation, i.e. net offer 62,44,800 equity shares of face value of Rs. 10 each at price of Rs. 76 per equity share aggregating to Rs. 47.46 crores is herein after referred to as the Net Offer. The offer and the net offer constitutes 26.37% and 25.04% respectively of the fully-diluted post-offer paid-up equity share capital of the company. *Subject to finalization of the basis of allotment. Bids can be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

Objective of issue

To meet the working capital requirements. General corporate purposes.

MOS Utility Ltd Contact Details

MOS Utility Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - secretarial@mos-world.com

Website - www.mos-world.com