Tirupati Inks Ltd IPO

IPO Synopsis

Issue of 11976744 equity shares of Rs. 10/- each for cash at a price of Rs. 43/- per equity share aggregating to Rs. 51.50 crores (Hereinafter referred to as the Issue). The issue comprises promoters contribution of 2676744 equity shares of Rs. 10/- each at a price of Rs. 43/- per equity share aggregating to Rs. 11.51 crores (Hereinafter referred to as promoters contribution) and Net Issue to the public (Hereinafter referred to as The Net Issue or Net Issue to the Public) of 9300000 equity shares of Rs.10/- each at a price of Rs. 43/- per equity share aggregating to Rs. 39.99 crores. The Net issue would constitute 61.38% of the fully diluted post issue paid-up capital of the company. Issue price: Rs. 43 per equity share of face value of Rs. 10/- each The issue price is 4.30 times of the face value

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