Wealth First Portfolio Managers Ltd - IPO

Wealth First Portfolio Managers Ltd IPO Details

Public issue of 16,80,000 equity shares of face value of Rs. 10/- each fully paid up of Wealth First Portfolio Managers Limited (WFPML or the company or the issuer) for cash at a price of Rs. 50/- per equity share (the issue price) (including a share premium of Rs. 40/- per equity share aggregating Rs. 8.40 crores (the issue) by the company, of which 84,000 equity shares of Rs. 10/- fully paid up each will be reserved for subscription by market maker to the issue (Market maker reservation portion). The issue less the market maker reservation portion i.e. issue of 15,96,000 equity shares of Rs. 10/- each fully paid up is hereinafter referred to as the Net issue. The issue will constitute 26.29% of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each. The issue price is Rs. 50/-. The issue price is 5.00 times the face value.

Objective of issue

Augmenting long term working capital for bond mkt.. Technology upgrade. Expansion of domestic oper. for mutual fund busi.. General corporate purpose.

Wealth First Portfolio Managers Ltd Contact Details

Wealth First Portfolio Managers Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - manish@wealthfirst.biz

Website - www.wealth-firstonline.com