Pelatro Ltd - IPO

Pelatro Ltd IPO Details

Initial public offer of upto 27,99,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Pelatro Limited (The Company or The Issuer) at an issue price of Rs. 200 per equity share (including share premium of Rs. 190 per equity share) for cash, aggregating up to Rs. 55.98 crores (Public Issue) out of which 1,40,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 200 per equity share for cash, aggregating upto Rs. 2.81 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion) and upto 49,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 200 per equity share for cash, aggregating up to Rs. 0.99 crores for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). The public issue less market maker reservation portion and employee reservation portion i.e. net issue of 26,08,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 200 per equity share for cash, aggregating upto Rs. 52.18 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.90% and 25.07 % respectively of the post-issue paid-up equity share capital of the company.The Offer Price is Rs. 200 per equity share of face value of Rs. 10 each.The Offer Price is 20 times of the face value of the equity shares.Bid cane be made for a minimum of 600 equity shares and in multiples of 600 equity shares thereafter.

Objective of issue

Funding capital expenditure requirement of the company. Investment in its aubsidiary. Funding working capital needs of the company. General corporate purposes.

Pelatro Ltd Contact Details

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

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - company.secretary@pelatro.com

Website - www.pelatro.com