Gensol Engineering Ltd IPO

IPO Synopsis

Initial public offer of 21,60,000 equity shares of face value of Rs. 10 each (equity shares) of Gensol Engineering Limited (company or issuer) for cash at a price of Rs. 83 per equity share (including a share premium of Rs. 73 per equity share) aggregating upto Rs. 17.93 Crores (the issue). The issue includes a reservation of upto 1,08,800 equity shares of face value Rs.10 each at a price of Rs. 83 per equity share aggregating Rs. 0.90 Crores for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. net issue of upto 20,51,200 equity shares of face value of Rs. 10 each for cash at a price of Rs. 83 per equity share, aggregating Rs. 17.03 Crores is hereinafter referred to as the net issue. The issue and the net issue will Constitute 26.33% and 25.01% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs.10 and the issue price is 8.3 times of the face value.