IPO Synopsis
| Varun Industries Ltd |
|---|
| Registered Office: 13 Shankeshwar Darshan,A G Pawar Cross Lane Byculla-E,Mumbai-400027, Maharashtra |
| Tel. No: 91-22-23727400 |
| Fax No: 91-22-23748686 |
| Email: investor_relation@varun.com |
| Website: www.varun.com |
| Public issue of 90,00,000 equity shares of face value of Rs.10/- each of Varun Industries Limited (hereinter referred to as the "company" or "issuer") at a price of Rs.60/- for cash at a premium of Rs.50/- per equity share aggregating to Rs.54.00 Crores (hereinafter referred to as the "issue") comprising promoters' contribution of 24,30,000 equity shares of Rs.10/- each at a price of Rs.60/- for cash at a premium of Rs.50/- per equity share aggregating to Rs.14.58 Crores (hereinafter referred to as the "promoters' contribution"). The net issue to the public is 65,70,000 equity shares of Rs.10/- each at a price of Rs.60/- for cash at a premium of Rs.50/- per equity share aggregating to Rs.39.42 Crores (hereinafter referred to as the "net issue"). The net issue would constitute 29.71% of post issue paid up capital of our company. The issue price of Rs. 60/- per equity share is 6 times the face value. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 25-Oct-2007 | 31-Oct-2007 | ₹60.00 - 0.00 | |
| Minimum Application for shares in Nos : 100.0 | Further Multiples of :100.0 |
|---|
| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 55.24 | IDBI Capital Market Services Ltd |
| Project Financed through Current Offer | 54.00 | Indbank Merchant Banking Services Ltd |
| Post Issue Equity Share Capital | 22.11 | |
| Issue Price | 60.00 |
| Projects |
|---|
| Brand Building &Launching products in Domestic Mkt |
| Margin Money for Working Capital requirements |
| Promoted By |
|---|
| Kiran N Mehta |
| Kailash S Agarwal |
| Virendra N Mehta |
| Listing At |
|---|
| BSE |
| NSE |
| Registrar To The Issue |
|---|
