Ratnabhumi Developers Ltd - IPO

Ratnabhumi Developers Ltd IPO Details

Public issue of 37,00,000 equity shares of face value of Rs. 10 each of Ratnabhumi Developers Limited (Ratnabhumi or the company or the issuer) for cash at a price of Rs. 63 per equity share including a share premium of Rs. 53 per equity share (the issue price) aggregating to Rs. 23.31 crores (the issue), of which 1,88,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 63 per equity share including a share premium of Rs. 53 per equity share aggregating to Rs. 1.18 crores will be 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 35,12,000 equity shares of face value of Rs. 10 each at a price of Rs. 63 per equity share including a share premium of Rs. 53 per equity share aggregating to Rs. 22.13 crores is herein after referred to as the net issue. The issue and the net issue will constitute 27.01% and 25.64% respectively of the post issue paid up equity share capital of the company.

Objective of issue

Acquisition of land/plot of land and other strategic initiatives. Capital contribution towards 45% stake in Rajul Projects LLP-Project Ratna Artemus II- Paldi, Ahmedabad. General Corporate Purpose.

Ratnabhumi Developers Ltd Contact Details

Ratnabhumi Developers Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@ratnagroup.co.in

Website - www.ratnagroup.co.in