Lorenzini Apparels Ltd - IPO

Lorenzini Apparels Ltd IPO Details

Public issue of 44,70,000 equity shares of a face value of Rs. 10/- each (the equity shares) of Lorenzini Apparels Limited (The Company or LAL or the issuer) for cash at a price of Rs. 10/- per equity share (issue price) aggregating to Rs. 4.47 crores (the issue) of which 2,30,000 equity shares aggregating to Rs. 0.23 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 42,40,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 10.00 per equity share aggregating to Rs. 4.24 crores is herein after referred to as the net issue. The issue and the net issue will constitute 44.09% and 41.82%, respectively of the post issue paid up equity share capital of the company.The Face value of the equity shares is Rs. 10 each and the issue price of Rs. 10.00 is 1.0 times of the face value.

Objective of issue

Funding of working capital requirements of the company.

Lorenzini Apparels Ltd Contact Details

Lorenzini Apparels Ltd, 4A9 Gundecha Onclave, Kherani Rd Sakinaka, , mumbai 400072

Phone - 91-022-62215779/28511022

Fax -

Email - cs@mymonteil.com

Website - www.mymonteil.com