| Initial public offer of 17,98,800 equity shares of face value Rs. 10/- each ("Equity Shares") of Pind Hospitality Limited ("the Company" or the "Issuer") for cash at a price of Rs. 99 per equity share (including a securities premium of Rs. 89 per equity share) ("Issue Price"), aggregating to Rs. 17.81 Crores (the "Issue"), out of which 91,200 equity shares aggregating to Rs. 0.90 Crores are reserved for subscription by market maker ("Market Maker Reservation portion"). The issue less the market maker reservation portion i.e. Issue of 17,07,600 equity shares of face value of Rs. 10/ each at an issue price of Rs. 99 per equity share aggregating to Rs. 16.91 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 29.99% and 28.47% respectively of the post issue paid up equity share capital of the company.
Price Band: Rs. 99 per equity share of face value of Rs. 10/- each.
The floor price is 9.90 times the face value of the equity shares.
Bids can made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter. |
