Navigant Corporate Advisors Ltd IPO

IPO Synopsis

Public offer of 8,50,000 equity shares of Rs. 10/- each (Equity shares) of Navigant Corporate Advisors Limited (Navigant or the NCAL or the Company) for cash at a price of Rs. 14/- per share (The offer price) through an offer for sale by Mr. Sarthak Vijlani (The Selling Shareholder) aggregating to Rs. 1.19 crores (The offer), of which, 50,000 equity shares of Rs. 10 each will be reserved for subscription by market makers to the offer (The Market maker reservation portion). The offer less the market maker reservation portion i.e. Offer of 8,00,000 equity shares of Rs. 10 each is hereinafter referred to as the Net offer. The offer and the net offer will constitute 26.96% and 25.37%, Respectively of the post offer paid up equity share capital of the company. The Face value of the equity shares is Rs. 10 each and The offer price is 14 each i.e. 1.40 times of the face value.