BEML Ltd - IPO

BEML Ltd IPO Details

Public issue of 49,00,000 equity shares of Rs. 10/- each for cash at a price of Rs.1075/- per equity share aggregating Rs.526.75 Crores (the issue), including a reservation for eligible employees of 4,90,000 equity shares (the employee reservation portion) and a net issue to the public of 44,10,000 equity shares (the net issue) by Bharat Earth Movers Limited (company/issuer). The issue would constitute 11.77% of the fully diluted post issue paid-up equity capital of our company.Issue Price is Rs.1075/- per equity share of face value Rs.10/-The issue price is 107.5 times of the face value

Objective of issue

Expansion of Metro Coach Manuf. Fcaility. Cap. Expend. Incl. updgradation of current Facilit. Voluntary Retirement Scheme (VRS) for Employees. Setting up of 5 MW Wind Mill for Cap. Consumption. Contrb.for Setting up R&D Centre for Metro Coaches. General Corporate Purposes.

BEML Ltd Contact Details

BEML Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

Phone - 91-040-44655185/44655000

Fax - 91-040-23420814/23420857

Email - cs@beml.co.in

Website - www.bemlindia.in