E-Land Apparel Ltd IPO

IPO Synopsis

Public issue of 95,80,000 equity shares of the face value Rs.10/- each at a price of Rs.90/- for cash at a premium aggregating Rs.86.22 Crores (hereinafter referred to as the issue), including employee reservation of 4,79,000 equity shares of the face value Rs.10/- each at a price of Rs.90/- for cash aggregating Rs.4.31 Crores and net issue to the public of 91,01,000 equity shares of face value Rs.10/- each at a price of Rs.90/- for cash aggregating Rs.81.91 Crores (here in after referred to as the net issue to the public) and the issue would constitute 26.62% of the post issue paid-up capital of our company. The Company has made a pre-ipo placement of 19,20,000 Equity Shares. The net offer to the public constitutes 25.29% of the post issue paid-up capital of our company. Issue Price is Rs.90/- per equity share of face value Rs.10 Issue price is 9.00 times the face value