Praruh Technologies Ltd - IPO

Praruh Technologies Ltd IPO Details

Initial public issue of up to 37,30,00 equity shares of face value of Rs. 10/- each of Praruh Technologies Limited (P T L or the Company or the Issuer) for cash at a price of Rs. 63 per equity share including a share premium of Rs. 53 per equity share (the issue price) aggregating to Rs. 23.50 crores (the Issue), of which 1,88,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 63 per equity share including a share premium of Rs. 53 per equity share aggregating to Rs. 1.18 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The public issue less the market maker reservation portion i.e. net issue of 35,42,000 equity shares of face value of Rs. 10/- each at a issue price of Rs. 63 per equity share including a share premium of Rs. 53 per equity share aggregating to Rs. 22.31 crores is herein after referred to as the net issue. The public issue and the net issue will constitute 26.78% and 25.44% respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 60/- to Rs. 63/- for equity share of face value of Rs. 10 each.The floor price is 6.0 times times the face value and cap price is 6.30 times of the face value of the equity shares.Bids can made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.

Objective of issue

Repayment of certain borrowings. Unidentified acquisitions in india. Funding of working capital requirements of the company. General corporate purposes.

Praruh Technologies Ltd Contact Details

Praruh Technologies Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - compliance@praruh.in

Website - www.praruh.in