Accuracy Shipping Ltd - IPO

Accuracy Shipping Ltd IPO Details

Initial public offer consisting of fresh issue of 42,57,600 equity shares of face value of Rs. 10 each fully paid for cash at a price of Rs. 84 per equity share (the issue price (including a share premium of Rs. 74 per equity' share) aggregating Rs. 35.76 Crores (the issue), of which 2,17,600 equity shares of face value of Rs. 10 Crores for cash at a price of Rs. 84 per equity share aggregating Rs. 1.83 Crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 40,40,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 84 per equity share, aggregating Rs. 33.93 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 28.28% and 26.63% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of equity share is Rs.10 each.The Issue price is Rs.84 and is 8.4 times the face value of the equity share.

Objective of issue

Part repayment/Prepayment of certain secured borrowings availed by the company. Purchase of Goods Transportation Vehicle. Funding the Working Capital Requiremnts of the company. General Corporate Purposes.

Accuracy Shipping Ltd Contact Details

Accuracy Shipping Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@aslindia.net

Website - www.aslindia.net