Market & News

Registered Office: #.A 305,306 Kemp Plaza Link Rd,Chincholi Bunder Rd Mind Space, Mumbai - 400064, Maharashtra, India.
Phone : +91 22 2872 3555/2872 7874   Fax:
Email :  info@mehulcolours.com  
Website :  https://www.mehulcolours.com

Initial public offer of upto 30,08,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Mehul Colthes Limited ("the Company" or "MCL" or "the Issuer") at an issue price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores ("Public Issue") out of which 1,52,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 28,56,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 28.51 % and 27.07 % respectively of the post-issue paid-up equity share capital of the company. Price Band:Rs. 68 to Rs. 72 per equity share of the face value of Rs.10 each. The floor price is 6.8 times of the face value the cap price is 7.2 times of the face value. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.