IPO SYNOPSIS

Navkar Corporation Ltd
Registered Office:
205-206 J K Chambers,Sector 17 Vashi,
Navi Mumbai - 400703,
Maharashtra, India.
Website :  www.navkarcorp.com
Initial public offering of 38709676 equity shares of face value of (₹)10 each (the "equity shares") of Navkar Corporation Limited ("NCL" or the "company" or the "issuer") for cash at a price of (₹) 155 per equity share (including a share premium of (₹) 145 per equity share) (The "offer price") aggregating to (₹) 600 crore (The "offer"). The offer comprises a fresh issue of 32,903,225 equity shares aggregating to (₹) 510 crore by the company (The "fresh issue") and an offer for sale of 5,806,451 equity shares aggregating to (₹) 90 crore by Sidhhartha Corporation Private Limited (The "selling shareholder") (The "offer for sale"). The offer shall constitute 27.14% of the post-offer paid-up equity share capital of the company. The Offer Price is (₹) 155 per equity shares of face value of (₹) 10 each. The offer price is 15.5 times the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
24-Aug-15
26-Aug-15
155.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 95     Further Multiples of : 95
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
483.34
Axis Capital Ltd
Project Financed
600.00
 
Post Issue
0.00
 
Issue Price
155.00
 
Projects
Capacity enhancement of the somathane CFS
Development of the non-notified areas of CFSs
Estabilishment of a logistics park at Valsad (near
Promoted By
Shantilal Jayavantraj Mehta
Nemichand Jayavantraj Mehta
Listing At
BSE
NSE
Registrar to the Issue
No Data Available!!!
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