Market & News

Registered Office: 239 Bagad Ganj,, Nagpur - 440008, Maharashtra, India.
Phone : 91-0712-2778824   Fax:
Email :  info@nakodas.com  
Website :  www.nakodas.com

Initial public issue of 18,52,000 equity shares of face value of Rs. 10/- each ("equity shares") of Nakoda Group of Industries Limited (the "company" or the "issuer") for cash at a price of Rs. 35 /- per equity share, including a share premium of Rs. 25/- per equity share (the "issue price"), aggregating Rs. 6.48 crores ("the issue"), of which 1,00,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 35/- per equity share, aggregating Rs. 0.35 crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 17,52,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 35/- per equity share, aggregating Rs. 6.13 crores is hereinafter refered to as the "net issue". The issue and the net issue will constitute 27.03% and 25.57% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 35 is 3.5 times of the face value of the equity shares.