Fiem Industries Ltd - IPO

Fiem Industries Ltd IPO Details

Public issue of 41,00,000 equity shares of face value of Rs. 10 each of Fiem Industries Limited (hereinafter referred to as the company or issuer) for cash at premium of Rs.127/- per Equity Share at a price of Rs.137 per equity share aggregating Rs.56.17 Crores (hereinafter referred to as the issue). The issue comprises of a reservation for eligible employees of 4,00,000 equity shares of Rs.10 each and a net issue to the public of 37,00,000 equity shares of Rs. 10 each (hereinafter referred to as the net issue). The issue will constitute 34.58% of the total post issue paid-up equity capital of our company.Issue Price is Rs.137/- per Equity Share of Face value of Rs.10/- each.The issue price is 13.7 times the face value

Objective of issue

Setting up a new manufacturing facilities(Unit IV). Setting up of an EOU (Unit V). Expansion of our existing Manufacturing Facility. Expansion of our Existing tool Manufac. Facilities. Repayment of TermLoan From Standard Chartered Bank. Margin Money for Working Capital. General Corporate Purposes.

Fiem Industries Ltd Contact Details

Fiem Industries Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - arvind.chauhan@fiemindustries.com

Website - www.fiemindustries.com