Asian Granito India Ltd - IPO

Asian Granito India Ltd IPO Details

Public issue of 70,00,000 equity shares of Rs. 10 each for cash at a price of Rs.97/- per equity share (including a share premium of Rs.87/- per equity share) aggregating Rs.67.90 Crores (the issue) by Asian Granito India Limited (the company, AGIL or the issuer). The issue is comprised of a reservation of 3,50,000 equity shares of Rs. 10 each for cash at a price of Rs.97/- per equity share aggregating Rs.3.40 Crores to the eligible employees of our company (employee reservation portion) and a net issue to the public of 66,50,000 equity shares of Rs. 10 each (the net issue) aggregating Rs.64.50 Crores. The issue would constitute 33.24% of the fully diluted post issue paid-up capital of our company. Issue Price is Rs.97/- per equity share of face value Rs.10The issue price is 9.7 times of the face value

Objective of issue

Setting up of the wall tile unit. Modernisation & Exp. of existing Vitrified Plant. General Corporate Purposes.

Asian Granito India Ltd Contact Details

Asian Granito India Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - cs@aglasiangranito.com

Website - www.aglasiangranito.com