MRC Agrotech Ltd - IPO

MRC Agrotech Ltd IPO Details

Public issue of 30,00,000 equity shares of face value of Rs. 10.00 each of MRC Exim Limited (the company or the issuer) for cash at a price of Rs. 15.00 per equity share (including a share premium of Rs. 5.00 per equity share) (issue price) aggregating to Rs. 4.50 crores (the issue). Of the issue, 1,52,000 equity shares aggregating to Rs. 0.23 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 28,48,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs.15.00 per equity share aggregating to Rs. 4.27 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 28.79% and 27.33%, respectively of the 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. 15 is 1.5 times of the face value.

Objective of issue

Augmenting additional working capital requirements.

MRC Agrotech Ltd Contact Details

MRC Agrotech Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 91-22-23010771/23018261

Fax - 91-22-23012517

Email - info@mrcexim.co.in, mrcagrotech@gmail.com

Website - www.mrcagro.com