Innovative Ideals and Services India Ltd - IPO

Innovative Ideals and Services India Ltd IPO Details

Initial public offer consisting of fresh issue of 30.66,000 equity shares of face value of Rs.10/- lach fully Paid for cash at a price of Rs. 40 per equity share (the issue price) (including a share premium of Rs. 30 per equity share) aggregating to Rs.12.26 Crores (the issue), of which 1,56,000 equity' shares of face value of Rs.10/- each for cash at a price of Rs. 40/- per equity' share, aggregating Rs. 0.62 Crores well be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion le. Issue of 29,10,000 equity' shares of face value of Rs.10 - each for cash at a price of Rs. 40/- per equity' share, aggregating Rs. 11.64 Crores is hereinafter refered to .as the not issue. The issue and the net issue will constitute 26.94% and 25.57% respectively' of the fully diluted post issue paid up equity' share capital of the company.The face value of Equity shares is Rs.10 each.The Issue price is Rs.40 and is 4 times the face value of the equity shares.

Objective of issue

Funding the Working Capital Requirements of the Company. Repayment/Pre-payment of Working Capital facilities availed from Bank of Maharashtra by the company. General Corporate Purposes.

Innovative Ideals and Services India Ltd Contact Details

Innovative Ideals and Services India Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@innovative.in

Website - www.innovative.in