Tentiwala Metal Products Ltd IPO

IPO Synopsis

Public issue of 16,30,000 equity shares of face value of Rs. 10 each of Tentiwal Wire Products Limited (TWPL or The Company or The Issuer) for cash at a price of Rs. 13 per equity share (including a share premium of Rs. 3 per equity share) (Issue Price) aggregating to Rs. 2.12 crores (The Issue), of which 90,000 equity shares of face value of Rs. 10 each will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 15,40,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 13 per share aggregating to Rs. 2.00 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 30.05% and 28.39%,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 is Rs. 13 per equity share. The issue price is 1.3 times of the face value.