Hi-Tech Pipes Ltd IPO

IPO Synopsis

Public issue of 27,30,000 equity shares of face value of Rs.10 each fully paid up of Hi-Tech Pipes Ltd (HTPLorHi-Tech the company or the issuer) for cash at a price of Rs.50 per equity share (the issue price) including a share premium of Rs.40 per equity share aggregating Rs.13.65 crores (The issue) by our company, of which 1,38,000 equity shares of Rs.10 fully paid up each will be reserved for subscription by market to ths issue (market maker reservation portion). The issue less the market maker reservation portion i.e. issue of 25,92,000 equity shares of Rs.10 each fully up is hereinafter referred) to as the net issue. The issue and the net issue will constitute 26.50% and 25.16%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs.10 each. The issue price is Rs.50 the issue price is 5.00 times of the face value.