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MTE Structures Ltd

Registered Office : Plot No.1063 Canal Road,Manjusar Savli,Vadodara Gujarat 391775 Phone : +91 63548 69315
Fax :

Email : cs@mtegroup.in

Website : https://mtegroup.in/

Initial public offer of upto 43,60,000 equity shares of face value of Rs. 10/- each ("equity shares") of MTE Structures Limited (the "company" or "MTE Structure" or "issuer") at an offer price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating upto Rs. [*] crores ("public offer") comprising a fresh issue of upto 37,06,000 equity shares aggregating to Rs. [*] crores (the "fresh issue") and an offer for sale of upto 2,18,000 equity shares by Hiren Arvindbhai Patel, upto 2,18,000 equity shares by Janak Bharat Amin and upto 2,18,000 equity shares by Tejaskumar Patel ("the promoter selling shareholders") aggregating upto 6,54,000 equity shares by the promoter selling shareholders ("offer for sale") aggregating to Rs. [*] crores out of which [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the offer (the "market maker reservation portion"). The public offer less market maker reservation portion i.e. offer of [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] crores is hereinafter referred to as the "net offer". The public offer and net offer will constitute [*]% and [*]% respectively of the post- offer paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company.

Issue

Opens On

Closes On

01-Jan-1970

Money Payable On

Application

Allotment

0.00

Minimum Application for shares in Nos : 0.0 Further Multiples of : 0.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

0.00

GYR Capital Advisors Private Limited

Projects

Funding working capital requirements of the company

Funding capital expenditure towards expansion of the manufacturing facility of the Company by building a factory shed and installation of additional plant and machinery therein

Repayment of certain borrowing availed by the Company, in part or full

Promoted By

Hiren Arvindbhai Patel

Janak Bharat Amin

Tejaskumar Patel

Listing At

BSE - SME

Registrar to the Issue

MUFG Intime India Pvt Ltd