Darshan Orna Ltd IPO

IPO Synopsis

Public offer of 12,56,000 equity shares of face value of Rs. 10/- each (equity shares) of Darshan Orna Limited (the company or the issure) for cash at a price Rs. 60/- per equity share (including a share premium of Rs. 50/- per equity share) (issue price) aggregating to Rs. 7.54 crores (the issue), of which 64,000 equity shares of face value of Rs. 10/- each for a cash price of Rs. 60/- per equity share, aggregating to Rs. 0.38 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. issue of 11,92,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 60.00 per equity share aggregating to Rs. 7.15 crores (the net issue). The issue and the net issue will constitute 26.36% and 25.02%, 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 offer price of Rs. 60/- i.e. 6.0 times of the face value.