Market & News

Registered Office: 306 3rd Floor Kabra Complex,M G Road, Secunderabad - 500003, Telangana, India.
Phone : 91-40-39818800/811/822   Fax:91-40-6620059
Email :  info@drsindia.in  
Website :  www.drsindia.in

Public issue of 42,00,000 equity shares of Rs. 10 each ("equity shares") of DRS Dilip Roadlines limited ("ddrl" or the "company") for cash at a price of 75 per share (the "issue price"), aggregating to Rs. 31.50 Crores("the issue"), of which 2,25,600 equity shares of Rs. 10 each will be reserved for subscription by market makers to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 39,74,400 equity shares of Rs. 10 each is hereinafter referred to as the "net issue". The issue and the net issue will constitute 27.88% and 26.39%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 7.5 times of the face value.