Fone4 Communications (India) Ltd - IPO

Fone4 Communications (India) Ltd IPO Details

Initial public offer of 68,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Fone4 Communications (India) Limited (the Company or the Issuer) for cash at a price of Rs. 10 per equity share, at par (the Issue Price), aggregating to Rs. 6.80 crores (The Issue), of which 3,40,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 10 per equity share, aggregating to Rs. 0.34. croress 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 64,60,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 10 per equity share, aggregating to Rs. 6.46 croress is here in after referred to as the Net Issue. The issue and the net issue will constitute 39.88% and 37.89% respectively of the post issue paidup equity share capital of the company. The face value of the equity share is Rs. 10 each and the issue price is Rs. 10 each i.e., at par of the face value of the equity shares. Bids can be made for a minimum of 10,000 equity shares and in multiples of 10,000 equity shares thereafter.

Objective of issue

To Meet working capital requirement. General corporate purposes.

Fone4 Communications (India) Ltd Contact Details

Fone4 Communications (India) Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@fone4.in

Website - www.fone4.in