Technopack Polymers Ltd - IPO

Technopack Polymers Ltd IPO Details

Initial public offer of upto 14,30,000 equity shares of face value of Rs. 10 each (Equity Shares) of Technopack Polymers Limited (the Company or TPL or The Issuer) for cash at a price of Rs. 55 per share (including a share premium of Rs. 45 per equity share) (the Issue Price), aggregating to Rs. 7.87 crores (The Issue), of which upto 71,500 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of upto 13,58,500 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.48% and 25.16%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 5.5 time of the face value.

Objective of issue

Part funding to purchase and set up additional SACMI CCM24S-F plnt manufacturing of HDPE beverages closures (Compression moulding machine fully equipped with all ancillaries). Working capital requirements. General corporate purposes.

Technopack Polymers Ltd Contact Details

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

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliance@technopackltd.com

Website - www.technopackltd.com