Novateor Research Laboratories Ltd - IPO

Novateor Research Laboratories Ltd IPO Details

Initial Public Issue of 18,72,000 equity shares of face value of Rs. 10 each (equity shares) of Novateor Research Laboratories Limited (the company or the issuer) for cash at a price Rs. 24 per equity share (including a share premium of Rs. 14 per equity share) (issue price) aggregating to Rs. 4.49 Crores (the issue), of which 96,000 equity shares of face value of Rs. 10 each for a cash price of Rs. 24 per equity share, 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 17,76,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 24 per equity share aggregating to Rs. 4.26 Crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 38.72 %and 36.74 %, 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. 24 i.e. 2.4 times of the face value.The Minimum of 6000 equity shares and in multiples of 6000 equity shares thereafter.

Objective of issue

Additional Working Capital.

Novateor Research Laboratories Ltd Contact Details

Novateor Research Laboratories Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Website - www.novateor.com