Anand Rayons Ltd - IPO

Anand Rayons Ltd IPO Details

Public Issue of 46,88,000 equity shares of face value of Rs. 10/- each of Anand Rayons Limited (arl or the company or the issuer) for cash at a price of Rs. 27 per equity share including a share premium of Rs. 17 per equity share (the issue price) aggregating to Rs. 12.66 Crores (the issue), of which 2,40,000 equity shares of face value of Rs. 10 each will for cash at a price of Rs. 27 per equity share including a share premium of Rs. 17 per equity share aggregating to Rs. 0.65 Crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Net Issue of 44,48,000 equity shares of face value of Rs. 10 each at a price of Rs. 27 per equity share aggregating to Rs. 12.01 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 31.29% and 29.68 %, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price is 2.7 times of the face value.

Objective of issue

Incremental Working Capital Requirements. General Corporate Purpose.

Anand Rayons Ltd Contact Details

Anand Rayons Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - anandrayonsltd@gmail.com

Website - www.anandrayons.com