Madhya Bharat Agro Products Ltd - IPO

Madhya Bharat Agro Products Ltd IPO Details

Public offer of 57,90,000 equity shares of face value of Rs. 10 each of Madhya Bharat Agro Products Limited (The Company) for cash at a price of Rs. 24 per equity share (including a share premium of Rs. 14 per equity share)(Offer Price) aggregating to Rs. 13.90 crores (The Offer) through an offer for sale by Mr. Pankaj Ostwal, Mrs. Shashi Jain & Mrs. Amita Mehta, Mrs. Shashi Jain & Mr. Dharmesh Mehta, Season Agro Chem India Pvt Ltd, Ostwal Phoschem (India) Ltd, Paneri Textiles Pvt Ltd and Chunri Prints Pvt Ltd (The Selling Shareholders including promoters) of which 2,94,000 equity shares of face value of Rs.10 each for a cash price of Rs. 24 per equity share, aggregating to Rs. 0.71 crores will be reserved for subscription by market maker (market maker reservation portion). The offer lass the market maker reservation portion i.e. offer 54,96,000 equity shares of face value of Rs. 10 each at an offer price of Rs. 24 per equity share aggregating to Rs. 13.19 crores. The offer and the net offer will constitute 26.43% and 25.09%, respectively of the post offer paid up equity share capital of the company.The face value of the equity shares is Rs.10 each and the offer price is Rs.24. The offer price is 2.4 times of the face value.

Objective of issue

Listing fees on Stock Exchanges.

Madhya Bharat Agro Products Ltd Contact Details

Madhya Bharat Agro Products Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - info@mbapl.com

Website - www.mbapl.com