Cedaar Textile Ltd - IPO

Cedaar Textile Ltd IPO Details

Public issue of 43,50,000 equity shares of face value Rs. 10/- each of Cedaar Textile Limited. (Cedaar or the Company or the Issuer) for cash at a price of Rs. 140/- per equity share (Issue Price) including a share premium of Rs.130/- per equity share), aggregating to Rs. 60.90 crores (the Issue), out of which, 2,18,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 140/- per equity share aggregating to Rs. 3.05 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 41,32,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 140/- per equity share aggregating to Rs. 57.85 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 31.34% and 29.77%, respectively of the post issue paid up equity share capital of the company.

Objective of issue

Installation of Grid-Tied Solar PV rooftop systems for captive evacuation. Modernization of the machines. To meet working capital requirements. General corporate purposes.

Cedaar Textile Ltd Contact Details

Cedaar Textile Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - info@cedaartextile.com

Website - www.cedaartextile.com