Astec Lifesciences Ltd - IPO

Astec Lifesciences Ltd IPO Details

Public issue of 75,00,000 equity shares of Rs.10/- each for cash at a price of Rs. 82 per equity share, aggregating Rs. 61.50 Crores (the issue). The issue comprises a reservation of 1,00,000 equity shares of Rs. 10/- each aggregating Rs. 0.82 Crores for subscription by eligible employees (the employee reservation portion) at the issue price, and net issue of 74,00,000 equity shares of Rs. 10/- each aggregating Rs. 60.68 Crores. The issue constitutes 44.30% of the fully diluted post issue paid-up capital of the company.The issue price is 8.2 times the face value of equity shares

Objective of issue

Expn of Existing Manufacturing Facilities. Expn of Existing R & D Facility. Contingencies @ 2.5% of the Expansion Projects. Meeting Product Registration Expenses. Meeting Long Term Working Capital requirements. General Corporate Purposes.

Astec Lifesciences Ltd Contact Details

Astec Lifesciences Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - ipo@godrejastec.com, astecinfo@godrejastec.com

Website - www.godrejastec.com