Satchmo Holdings Ltd - IPO

Satchmo Holdings Ltd IPO Details

Public issue of 75,000,000 equity shares of Rs. 10 each of Nitesh Estates Limited (The Company or the Issuer) for cash at a price of Rs. 54 per equity share (including a share premium of Rs. 44 per equity share) aggregating up to Rs. 405.00 crores (the Issue). The Issue will constitute 51.43% of the fully diluted post issue paid-up capital of the company.Issue price: Rs. 54 per equity share of face value Rs. 10 eachThe Issue price is 5.4 times the face value

Objective of issue

Acquire Joint Development Rights of the company. Fund the existing Subsi./Asso.,for Repay. of loans. Repay certain loans of the company. Fund the expenditure for general corporate purpose.

Satchmo Holdings Ltd Contact Details

Satchmo Holdings Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

Phone - 91-040-44655185/44655000

Fax - 91-040-23420814/23420857

Email - cs@nelholdings.in, investor@nelholdings.in

Website - www.satchmoholdings.in