Manglam Infra & Engineering Ltd - IPO

Manglam Infra & Engineering Ltd IPO Details

Initial public issue of 49,32,000^ equity shares of face value of Rs. 10 each (Equity Shares) of Manglam Infra & Engineering Limited (Company) for cash at a price of Rs. 56 per equity share (including a share premium of Rs. 46 per equity share) (Issue Price) aggregating to Rs. 27.62 crores of which 5,22,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 56 per equity share including a share premium of Rs. 46 per equity share aggregating to Rs. 2.92 crores was reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 44,10,000 equity shares of face value of Rs. 10 each at a price of Rs. 56 per equity share (including a share premium of Rs. 46 per equity share) aggregating to Rs. 24.70 crores is herein after referred to as the Net Issue. The issue and the net issue constituted 28.03% and 25.06% respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs. 10 each. The issue price is 5.6 times the face value of the equity shares.^Subject to finalization of basis of allotment

Objective of issue

To meet the working capital requirements. General corporate purposes.

Manglam Infra & Engineering Ltd Contact Details

Manglam Infra & Engineering Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@manglaminfra.com

Website - www.manglaminfra.com