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IPO Synopsis

Anand Rayons Ltd
Public Issue of 46,88,000 equity shares of face value of Rs. 10/- each of Anand Rayons Limited ("arl" or the "company" or the "issuer") for cash at a price of Rs. 27 per equity share including a share premium of Rs. 17 per equity share (the "issue price") aggregating to Rs. 12.66 Crores ("the issue"), of which 2,40,000 equity shares of face value of Rs. 10 each will for cash at a price of Rs. 27 per equity share including a share premium of Rs. 17 per equity share aggregating to Rs. 0.65 Crores will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e. Net Issue of 44,48,000 equity shares of face value of Rs. 10 each at a price of Rs. 27 per equity share aggregating to Rs. 12.01 Crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 31.29% and 29.68 %, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is 2.7 times of the face value.
Issue
Opens On Closes On
18-Jun-19 24-Jun-19
Money Payable On
Application Allotment
27.00 0.00
Minimum Application for shares in Nos : 4000 Further Multiples of : 4000
Cr Lead Managers to the Issue
Project Cost (.Cr) 12.66 Guiness Corporate Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 12.66  
Post Issue Equity Share Capital (.Cr) 14.98
Issue Price () 27.00
Projects
Incremental Working Capital Requirements
General Corporate Purpose
Promoted By
Anand Bakshi
Listing At
BSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd