Karnavati Finance Ltd IPO

IPO Synopsis

Public issue of 25,80,000 equity shares of Rs. 10/- each of Karnavati Finance Limited (KFL or the company or the issuer) for cash at a price of Rs. 10/- per share (the issue price) aggregating to Rs. 2.58 crores (the issue), of which 1,40,000 equity shares of Rs. 10 each 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. Issue of 24,40,000 equity shares of Rs. 10 each at a price of Rs. 10 aggregating to Rs. 2.44 crores is herein after referred to as the net issue. The issue and the net issue will constitute 30.86% and 29.19%, 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 of Rs. 10, is 1(One) time of the face value.