Titaanium Ten Enterprise Ltd IPO

IPO Synopsis

Public issue of 18,16,000 equity shares of Face value of Rs. 10 each (Equity shares) of Titaanium Ten Enterprise Limited (The Company or the issuer) for cash at a price of Rs. 15 per equity share, including a share premium of Rs. 5 per equity share (The issue price), aggregating Rs. 2.72 Crores (The issue), of which 96,000 equity shares of face value Rs. 10/- each for cash at a price of Rs. 15 per equity share, aggregating Rs. 0.14 Crores will be reserved for subscriptions by the market maker to the issue (The market maker reservation portion). The issue less market maker reservation portion i.e. issue of 17,20,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 15 per equity share, aggregating Rs. 2.58 Crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 26.99% and 25.56% respectively of the fully diluted 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. 15 is 1.5 times of the face value of the Equity shares.