Aaron Industries Ltd IPO

IPO Synopsis

Initial public issue of upto 12,57,000 equity shares of face value of Rs.10.00 each (equity shares) of Aaron Industries Limited (the company or the issuer) for cash at a price of Rs.38.00 per equity share, including a share premium of Rs.28.00 per equity share (the issue price), aggregating Rs.4.78 Crores (the issue), of which 63,000 equity shares of face value of Rs.10.00 each for cash at a price of Rs.38.00 per equity share, aggregating Rs.0.24 Crores will be reserved for the market maker to the issue (the market maker reservation portion). The public issue less market maker reservation portion i.e. Net issue to public will be 11,94,000 equity shares of face value of Rs.10.00 each for cash at a price of Rs.38.00 per equity share, aggregating Rs.4.54 Crores is hereinafter refered to as the net issue. The public issue and the net issue will constitute 26.28%and 24.96% 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 of Rs.38 is 3.8 times of the face value.