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Vishnusurya Projects and Infra Ltd

Vishnusurya Projects and Infra Ltd

    Registered Office : 2nd Flr Qbas Temple Tower #76/,25 North Mada Street Mylapore,Chennai Tamil Nadu 600004 Phone : +91 44 24950019
    Fax :

    Email : cs@vishnusurya.com

    Website : www.vishnusurya.com

Initial public issue of 73,50,000 equity shares of face value of Rs. 10/- each of Vishnusurya Projects and Infra Limited ("VPIL" or the "Company" or the "Issuer") for cash at a price of Rs. 68/- per equity share including a share premium of Rs. 58/- per equity share (the "Issue Price") aggregating upto Rs. 49.98 crores ("the Issue"), of which 3,70,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 68/- per equity share including a share premium of Rs. 58/- per equity share aggregating upto Rs. 2.52 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 69,80,000 equity shares of face value of Rs. 10/- each at a price of Rs. 68/- per equity share including a share premium of Rs. 58/- per equity share aggregating upto Rs. 47.46 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 29.87% and 28.36%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. The face value of the equity share is Rs. 10/- and the issue price is 6.8 times of the face value.

Issue

Opens On

Closes On

29-Sep-2023

05-Oct-2023

Money Payable On

Application

Allotment

68.00

0.00

Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

42.99

49.98

24.61

68.00

Khandwala Securities Ltd

Projects
  • Funding of working capital requirements of the company
  • Repayment/prepayment in part or full of certain outstanding borrowings availed by the company
  • General Corporate Purposes
Promoted By
  • Bhavani Jayaprakash
Listing At
  • NSE - SME
Registrar to the Issue
  • Cameo Corporate Services Ltd