New Swan Multitech Ltd - IPO

New Swan Multitech Ltd IPO Details

Initial public offer of upto 50,16,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of New Swan Multitech Limited (The Company or NSML or The Issuer) at an issue price of Rs. 66 per equity share for cash, aggregating up to Rs. 33.11 crores (Public Issue) out of which 2,56,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 66 per equity share for cash, aggregating Rs. 1.70 crores was reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e., issue of 47,60,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 66 per equity share for cash, aggregating upto Rs. 31.41 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.38% and 25.03% respectively of the post-issue paid-up equity share capital of the company.*Subject to finalization of basis of allotment.

Objective of issue

Funding of capital expenditure towards purchase of certain machineries for existing manufacturing unit located. Repayment of a portion of certain borrowings availed by the company. To meet working capital requirements. General corporate purposes.

New Swan Multitech Ltd Contact Details

New Swan Multitech Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@swanagro.in

Website - www.swanagro.in