Vishnusurya Projects and Infra Ltd - IPO

Vishnusurya Projects and Infra Ltd IPO Details

Initial public issue of 73,50,000 equity shares of face value of Rs. 10/- each of Vishnusurya Projects and Infra Limited (VPIL or the Company or the Issuer) for cash at a price of Rs. 68/- per equity share including a share premium of Rs. 58/- per equity share (the Issue Price) aggregating upto Rs. 49.98 crores (the Issue), of which 3,70,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 68/- per equity share including a share premium of Rs. 58/- per equity share aggregating upto Rs. 2.52 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 69,80,000 equity shares of face value of Rs. 10/- each at a price of Rs. 68/- per equity share including a share premium of Rs. 58/- per equity share aggregating upto Rs. 47.46 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 29.87% and 28.36%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each.The face value of the equity share is Rs. 10/- and the issue price is 6.8 times of the face value.

Objective of issue

Funding of working capital requirements of the company. Repayment/prepayment in part or full of certain outstanding borrowings availed by the company. General Corporate Purposes.

Vishnusurya Projects and Infra Ltd Contact Details

Vishnusurya Projects and Infra Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@vishnusurya.com

Website - www.vishnusurya.com