KBC Global Ltd - IPO

KBC Global Ltd IPO Details

Public issue of 43,00,000 equity shares of face value of Rs. 10 each (the equity shares) of Karda Constructions Limited (the company or issuer) for cash at a price of Rs. 180 per equity share (including a share premium of Rs. 180 per equity share) aggregating to Rs. 77.40 Crores (the issue) comprising of a fresh issue of 23,00,000 equity shares by the company aggregating up to Rs. 41.40 Crores (the fresh issue) and an offer for sale of 20,00,000 equity shares by Mr. Naresh Karda (referredto as the selling shareholder) aggregating to Rs. 36 Crores (offer for sale). the issue would constitute 34.96%, of the post-issue paid-up equity share capital.The face value of equity shares is Rs.10 each.The issue price is Rs.180 per equity share which is 18 times the face value of the equity share.

Objective of issue

Part repayment of overdraft facilities. Part repayment of term loans. General corporate purpose.

KBC Global Ltd Contact Details

KBC Global Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - admin@kardaconstruction.com

Website - www.kardaconstruction.com