| Public issue of 1,19,00,000 equity shares of Rs.10/- each for cash at a price of Rs.36/- per equity share (including a share premium of Rs.26/- per equity share) aggregating Rs.42.84 Crores by Ankit Metal & Power Limited ("the company" or "issuer" or "AMPL") (hereinafter referred to as the "issue") comprising of promoters' contribution of 23,10,000 equity shares of face value of Rs.10/- (hereinafter reffered to as the "promoters' contribution"), 11,90,000 equity shares of face value of Rs.10/- reserved for the employees of the company (hereinafter reffered to as the "employees reseration portion") and a net offer to the public of 84,00,000 equity shares of Rs.10/- each (hereinafter referred to as the "net offer to the public".) Of which 8,40,000 equity shares being 10% of the net offer to the public to be compulsorily alloted to QIBs. The net offer to the public would constitute 25.55 % of the fully diluted post issue paid up capital of the company.
Issue Price Rs.36/- per equity shares of face value Rs.10/-
The issue price is 3.6 times the face value
The project has a participation of Rs.60.00 Crores as terms loans from
consortium of banks.
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