Time Technoplast Ltd - IPO

Time Technoplast Ltd IPO Details

Public issue of 39,21,500 equity shares of face value of Rs.10/- each for cash at a price of Rs.315/- per equity share (including a share premium of Rs.305 per equity share) aggregating to Rs.123.53 Crores (the issue) by Time Technoplast Limited (TTL, our company or the issuer) the issue comprises net issue to the public of 36,60,400 equity shares at a price of Rs.315/- per equity share (the net issue) and a reservation of upto 261,100 equity shares at a price of Rs.315/- per equity share for the permanent employees of the company (including a share premium of Rs.305/- per equity share) ('the employee reservation portion) the issue will constitute 18.74% of the fully diluted post issue paid up capital of our company.Issue Price is Rs.315/- per equity share of face value of Rs.10 each.The issue price is 31.5 times of the face value

Objective of issue

Setting up of new Project for Dispos. Medica Devic. Setting up integrated Injection moulding Facilitie. Overseas Projects (Investment in Subsidiaries). Repayment of Loan availed from IL&FS. Acquire entire 49% holding of Time Secu. Serv Ltd. General Corporate Purpose.

Time Technoplast Ltd Contact Details

Time Technoplast Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - investors@timetechnoplast.com

Website - www.timetechnoplast.com