V.L.Infraprojects Ltd - IPO

V.L.Infraprojects Ltd IPO Details

Initial public issue of 4410000 equity shares of face value of Rs. 10/- each of V.L.Infraprojects Limited (VLIL or the Company or the Issuer) for cash at a price of Rs. 42/- per equity share including a share premium of Rs. 32/- per equity share (the Issue Price) aggregating to Rs. 18.52 crores (The Issue), of which 240000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 42/- per equity share including a share premium of Rs. 32/- per equity share aggregating to Rs. 1.01 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 4170000 equity shares of face value of Rs. 10/- each at a price of Rs. 42/- per equity share including a share premium of Rs. 32/- per equity share aggregating to Rs. 17.51 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 28.07% and 26.54%, respectively, of the post issue paid up equity share capital of the company.

Objective of issue

To meet working capital requirements. General corporate purposes.

V.L.Infraprojects Ltd Contact Details

V.L.Infraprojects Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - cs@vlil.in

Website - www.vlil.in