Maharashtra, India.
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.
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