Asian Granito India Ltd IPO

IPO Synopsis

Public issue of 70,00,000 equity shares of Rs. 10 each for cash at a price of Rs.97/- per equity share (including a share premium of Rs.87/- per equity share) aggregating Rs.67.90 Crores (the issue) by Asian Granito India Limited (the company, AGIL or the issuer). The issue is comprised of a reservation of 3,50,000 equity shares of Rs. 10 each for cash at a price of Rs.97/- per equity share aggregating Rs.3.40 Crores to the eligible employees of our company (employee reservation portion) and a net issue to the public of 66,50,000 equity shares of Rs. 10 each (the net issue) aggregating Rs.64.50 Crores. The issue would constitute 33.24% of the fully diluted post issue paid-up capital of our company. Issue Price is Rs.97/- per equity share of face value Rs.10 The issue price is 9.7 times of the face value