Registered Office:
Plot 939 & 940 Waghodia GIDC,Vaghhodia,
Vadodara -
391760,
Gujarat, India.
Phone : +91 96385 42674 Fax:
Email : cs@maxwells.in
Website : www.maxwells.in
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| Initial public issue of upto 36,48,000 equity shares of face value of (Rs) 10/- each ("Equity Shares") of Maxwell Engineering Solutions Limited (the "Company" or "MESL" or "Issuer") for cash at a price of (Rs) 158 per equity share including a share premium of (Rs) 148 per equity share for cash, aggregating up to (Rs) 57.64 Crores ("Public Issue"), of which 2,22,400 equity shares of face value of (Rs) 10/- each, at an issue price of (Rs) 158 per equity share for cash, aggregating (Rs) 3.52 Crores will be reserved for subscription by market maker (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Issue of 34,25,600 equity shares of face value of (Rs) 10/- each, at an issue price of (Rs) 158 per equity share for cash, aggregating to (Rs) 54.12 Crores is herein after referred to as the "Net Issue". The public issue and the net issue will constitute 26.63% and up to 25.01% respectively of the post-issue paid up equity share capital of the company.
Price Band: (Rs) 158/- per equity share of face value (Rs) 10/- each.
The floor price is is 15.80 times of the face value of the equity shares.
Bids can made for a minimum of 1,600 equity shares and in multiples of 800 equity shares thereafter. |
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| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 30-Oct-26 |
03-Nov-26 |
158.00-0.00 |
0.00-0.00 |
|
|
Minimum Application for shares in Nos :
1600
Further Multiples of :
800
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|
| |
(Rs.Cr) |
Lead Managers to the Issue |
| Project Cost |
0.00 |
JDA Capital Services Limited
|
| Project Financed through Current Offer |
57.64 |
|
| Post Issue Equity Share Capital |
13.70 |
|
| Issue Price |
158.00 |
|
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