Aik Pipes & Polymers Ltd - IPO

Aik Pipes & Polymers Ltd IPO Details

Initial public issue of 16,88,000 equity shares of Rs. 10/- each (Equity Shares) of AIK Pipes and Polymers Limited (AIK or the Company or the Issuer) for cash at a price of Rs. 89/- per equity share including a share premium of Rs. 79/- per equity share (the Issue Price), aggregating to Rs. 15.02 crores (The Issue), of which 84,800 equity shares of Rs. 10/- each for cash at a price of Rs. 89/- per equity share including a share premium of Rs. 79/- per equity share aggregating to Rs. 0.75 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 16,03,200 equity shares of Rs. 89/- each including a share premium of Rs. 79/- per equity share aggregating to Rs. 14.27 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.53% and 25.20%, respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10/- and the issue price is Rs. 89/- the issue price is 8.9 times of the face value.

Objective of issue

To meet the capital expenditure. To meet working capital requirement. General corporate expenses.

Aik Pipes & Polymers Ltd Contact Details

Aik Pipes & Polymers Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - info@aikpipes.com

Website - www.aikpipes.com