| Public issue of 12,48,000 equity shares of face value Rs.10 each ("equity shares") of Bindal Exports Ltd (the "company" or the "issuer") for cash at a price of Rs. 16 per equity share, including share premium of Rs. 6 per equity share (the"issue price"), aggregating Rs. 2.00 crores ("the issue"), of which 64,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 16 per equity share share, aggregating Rs 0.10 crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. issue of 11,84,000 equity shares of face value of Rs. 10 each for cash at a price of Rs.16 per equity share, aggregating Rs. 1.89 crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 27.13% and 25.74% 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 ech and The issue price of Rs. 16 is 1.6 times of the face value of the equity shares. |