Hemant Surgical Industries Ltd - IPO

Hemant Surgical Industries Ltd IPO Details

Initial public offer of 27,60,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Hemant Surgical Industries Limited (The Company or HSIL or The Issuer) at an issue price of Rs. 90/- per equity share for cash, aggregating up to Rs. 24.84 crores (Public Issue) out of which 1,44,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 90/- per equity share for cash, aggregating Rs. 1.30 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 26,16,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 90/- per equity share for cash, aggregating upto Rs. 23.54 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.44% and 25.06% respectively of the post-issue paid-up equity share capital of the company.*Subject to finalization of basis of allotment.The face value of the equity shares is Rs. 10/- each. The issue price is 9.0 times with the face value of the equity shares. The anchor investor issue price is Rs. 90 per equity share.

Objective of issue

Funding capital expenditure towards installation of additional plant and machinery. Funding to meet working capital requirements. General corporate purposes.

Hemant Surgical Industries Ltd Contact Details

Hemant Surgical Industries Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@hemantsurgical.com

Website - www.hemantsurgical.com