IPO SYNOPSIS

Narmada Agrobase Ltd
Registered Office:
613/P-1 IJ Pura (Jethaji),Dhanpura Road Tal Jotana,
Mehesana - 384421,
Gujarat, India.
Initial public issue of 23,40,000 equity shares of face value of (₹) 10 each ("equity shares") of Narmada Agrobase Limited ("the Company" or "issuer") for cash at a price of (₹) 32.00 per equity share (including a share premium of (₹) 22.00 per equity share) ("issue price") aggregating to (₹) 7.49 Crores ("issue") of which 1,24,000 equity shares of face value of (₹) 10.00 each for a cash price of (₹) 32.00 per equity share, aggregating to (₹) 0.40 Crores will be reserved for subscription by market maker ("market maker Reservation portion"). The issue less the market maker reservation portion i.e. Issue of 22,16,000 equity shares of face value of (₹) 10.00 each at an issue price of (₹) 32.00 per equity share aggregating to (₹) 7.09 Crores (is hereinafter referred to as the "net issue"). The issue and the net issue will constitute 31.09% and 29.44%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (₹) 10.00 each and the issue price is (₹) 32.00. The issue price is 3.2 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
28-Mar-18
11-Apr-18
32.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 4000     Further Multiples of : 4000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
7.49
Corporate Capital Ventures Pvt Ltd
Project Financed
7.49
 
Post Issue
7.53
 
Issue Price
32.00
 
Projects
To meet working capital requirement
General corporate expenses
Promoted By
Neerajkr. SureshchandraAgrawal
Suresh Chandra Gupta
Listing At
NSE - SME
Registrar to the Issue
No Data Available!!!
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