City Pulse Multiplex Ltd IPO

IPO Synopsis

Initial Public Issue of 13,28,000 equity shares of face value of Rs. 10 each of City Pulse Multiplex Limited (the company or the issuer) for cash at a price of Rs. 30 per equity share including a share premium of Rs. 20 per equity share (the issue price) aggregating to Rs. 3.98 crores (the issue), of which 72,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 30 per equity share including a share premium of Rs. 20 per equity share aggregating to Rs. 0.22 Crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Net Issue of 12,56,000 equity shares of face value of Rs. 10 each at a price of Rs. 30 per equity share aggregating to Rs. 3.77 Crores is herein after referred to as the net issue. The issue and the net issue will constitute 40.02% and 37.85% 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 is 3 times of the face value.