Continental Seeds and Chemicals Ltd - IPO

Continental Seeds and Chemicals Ltd IPO Details

Public issue of 16,20,000 equity shares of face value of Rs. 10 each (equity shares) of Continental Seeds and Chemicals Limited (the company or the issuer) for cash at a price of Rs. 26 per equity share, including a share premium of Rs. 16 per equity share (the issue price), aggregating Rs. 4.21 crores (the issue), of which upto 84,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 26 per equity share, aggregating Rs. 0.22 crores will be reserved for subscriptions by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of upto 15,36,000 equity shares of face value of Rs. 10 each cash at a price of Rs. 26 per equity share, aggregating Rs. 3.99 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.99% and 25.59% 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 of Rs. 26/- i.e. 2.6 times of the face value of the equity shares.

Objective of issue

To part finance working capital requirements of the company. To meet general corporate purposes.

Continental Seeds and Chemicals Ltd Contact Details

Continental Seeds and Chemicals Ltd, T-34 2nd Floor, Okhla Industria Area, Phase-II, New Delhi-110020

Phone - 91-011-26387281/82/83

Fax - 91-011-26387384

Email - info@continentalseeds.co.in

Website - www.continentalseeds.co.in