| Initial public offer of up to 55,62,000 equity shares of face value Rs. 10/- each (the "Equity Shares") of Accord Transformer & Switchgear Limited ("The Company" or the "Issuer") for cash at an issue price of Rs. 46 per equity share (Including a Securities Premium of Rs. 36 Per Equity Share) ("Issue Price"), aggregating up to Rs. 25.59 Crore (the "Issue") of which upto 2,82,000 equity shares of face value Rs. 10 each aggregating to Rs. 1.30 Crore will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of upto 52,80,000 equity shares of face value of Rs.10/- each at an issue price of Rs. 46 per equity share aggregating upto Rs. 24.29 Crore is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.04% and 25.66% respectively of the post-issue paid-up equity share capital of the company.
Price Band: Rs. 43/- to Rs. 46/- per equity share of face value of Rs. 10/- each.
The floor price is 4.30 times of the face value and the cap price is 4.60 times of the face value of the equity shares.
Bids can be made for a minimum of 6000 equity shares and in multiples of 3000 equity shares thereafter. |