IPO Synopsis
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Megastar Foods Ltd
Registered Office:
Plot No 807 Industrial Area,Phase-II,
Chandigarh - 160102,
Chandigarh, India.
Initial public issue of 26,80,000 equity shares of face value of (Rs)10 each ("equity shares") of Megastar Foods Limited ("the company" or "issuer") for cash at a price of (Rs) 30.00 per equity share (including a share premium of (Rs) 20.00 per equity share) ("issue price") aggregating to (Rs) 8.04 crores ("issue") of which 1,36,000 equity shares of face value of (Rs)10.00 each for a cash price of (Rs) 30.00 per equity share, aggregating to (Rs) 0.41 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 25,44,000 equity shares of face value of (Rs)10.00 each at an issue price of (Rs) 30.00 per equity share aggregating to (Rs) 7.63 crores (is hereinafter referred to as the "net issue"). The issue and the net issue will constitute 27.06% and 25.69%, respectively of the post issue paid up equity share capital of the company. The face value of the quity shares is (Rs)10.00 each and the issue price is (Rs)30.00. The issue price is 3.00 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
14-May-18
16-May-18
30.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 4000   Further Multiples of : 4000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
8.04
Swastika Investmart Ltd
Project Financed through Current Offer
8.04
 
Post Issue Equity Share Capital
9.90
 
Issue Price
30.00
 
Projects
To Meet Working Capital Requirement
General Corporate Expenses
Promoted By
Vikas Goel
Vikas Gupta
Listing At
BSE - SME
Registrar to the Issue
Skyline Financial Services Pvt
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