Left to Right Mr. Akshay Korpe – Director (ANI Integrated Services Ltd.), Mr.Navin Korpe – Managing Director – (ANI Integrated Services Ltd.) – Photo By Sachin Murdeshwar GPN NETWORK
Mumbai : In Centre Navin Korpe, Chairman and MD of ANI Integrated Services Ltd with Akshay Korpe, Director (L) during announcement the Company IPO in Mumbai on Thursday. Photo By Sachin Murdeshwar GPN NETWORK
· Public Issue of up to 25,65,600 Equity Shares
· The minimum Bid lot is 1200 equity shares and in multiples of 1200 equity shares thereafter
· Issue Opening Date – November 8, 2017 and Issue Closing Date – November 10, 2017
MUMBAI, November 2, 2017 (GPN) : Mumbai Based ANI integrated Services Limited (“Company”), company engaged in the business of Engineering services will be launching its SME initial public offering (“IPO” or the “Issue”) which is scheduled to open on November 8, 2017 and close on November 10, 2017, with a price band of Rs.100 per Equity Share of face value of Rs. 10 each of the Company (the “Equity Shares”).
Initial Public Issue of 25,65,600 equity shares of face value of rs.10 each (“Equity Shares”) of ANI Integrated Services Limited (“AISL” or “company” or “issuer”) for cash at a price of Rs. 100/- per equity share aggregating to Rs. 2565.60 lakhs (“Issue”) consisting of a Fresh Issue of 16,87,200 Equity Shares of face value of Rs.10 each for cash at a price of Rs. 100/- per Equity Share aggregating to Rs. 1687.20 lakhs and 8,78,400 Equity Shares aggregating to Rs. 878.40 lakhs through an Offer for Sale by Mr. Navin Nandkumar Korpe, Mrs. Anita Korpe, Mr. Akshay Korpe and Mr. Kedar Korpe (“referred as selling shareholder & promoter”) of which 1,34,400 Equity Shares of face value of Rs. 10.00 each for a cash price of Rs. 100/- per equity share, aggregating to Rs. 134.40 lakhs will be reserved for subscription by Market Maker (“Market Maker Reservation Portion”). The issue less the market maker reservation portion i.e. issue of up to 24,31,200 Equity Shares of face value of Rs. 10.00 each at an issue price of Rs. 100/- per equity share aggregating to Rs. 2431.20 lakhs (is hereinafter referred to as the “Net Issue”).
All potential investors may participate in the Issue through an Application Supported by Blocked Amount (“ASBA”) process providing details about the bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) for the same. For details in this regard, specific attention is invited to section titled “Issue Procedure” beginning on page 280 of this Prospectus. In case of delay, if any in refund, our Company shall pay interest on the application money at the rate of 15% per annum for the period of delay.
The Issue and the Net Issue will constitute 26.48% and 25.14%, respectively of the post issue paid-up equity share capital of the company.
Hem Securities Limited is the Lead Managers (“LM”) to the Issue. The Registrar to the Issue is Bigshare Services Private Limited.
The Equity Shares of ANI integrated Services Limited is proposed to be listed on SME Platform of NSE.ENDS
