Market & News

Registered Office: Plot No.201 Office #.1 Virrant,Business Park GIDC Vapi Valsad, Pardi - 396191, Gujarat, India.
Phone : +91 90545 08244   Fax:
Email :  cs@anawilvapi.in  
Website :  www.anawilvapi.in

Initial public offer of up to 65,85,600 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Anawil Wire And Engineering Limited ("the Company" or "AWEL" or "the Issuer") at an offer price of Rs. 257-270 per equity share for cash, aggregating up to Rs. 169.25-177.81 Crores ("Public Offer") comprising of a fresh issue of 52,84,800 equity shares aggregating to Rs. 135.82-142.69 Crores (the "Fresh Issue") and an offer for sale of 13,00,800 equity shares by the promoter selling shareholders ("Offer For Sale") aggregating to Rs. 33.43-35.12 Crores comprising; 13,00,800 equity shares aggregating up to Rs. 33.43-35.12 Crores by Nimish Kumar Rameshchandra Vashi (refferd as "Promoter Selling Shareholder") out of which 3,31,200 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 257-270 per equity share for cash, aggregating Rs. 8.51-8.94 Crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion") . The public offer less market maker reservation portion i.e. Offer of 62,54,400 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 257-270 per equity share for cash, aggregating up to Rs. 160.74-168.87 Crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.34% and 25.02% respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 257 to Rs. 270 per equity share of face value Rs. 10/- each. The floor price (Rs.257) is 25.7 times the face value of the equity shares and the cap price (Rs.270) is 27.00 times of the face value of the equity shares. Bids can be made for a minimum of 800 equity shares and in multiples of 400 equity shares thereafter.