Aanchal Ispat Ltd - IPO

Aanchal Ispat Ltd IPO Details

Public issue of 80,04,000 equity shares of face value of Rs. 10 each (equity shares) of Aanchal Ispat Limited (the company or the issuer) for cash at a price of Rs. 20 per equity share, including a share premium of Rs. 10 per equity share (the issue price), aggregating Rs. 16.01 crores (the issue), of which 4,08,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 20 per equity share, aggregating Rs. 0.82 crores will be reserved for subscription by the market makers to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 75,96,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 20 per equity share, aggregating Rs. 15.19 crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 38.38% and 36.43% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10 each and the issue price of Rs. 20 is 2 times of the face value.

Objective of issue

Expansion & Modernizing by upgradation of TMT unit. Additional working capital requirements.

Aanchal Ispat Ltd Contact Details

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

Phone - 91-22-23010771/23018261

Fax - 91-22-23012517

Email - cs@aanchalispat.com

Website - www.aanchalispat.com