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IPO

IPO Synopsis
Party Cruisers Ltd
Registered Office: 303/304/305 Simran Plaza,Khar 4th Road Khar (West) , Mumbai - 400052 , Maharashtra , India.
Phone : 91-22-49739352   Fax:
Email :  compliance@partycruisersindia.com  
Website :  www.partycruisersindia.com
Initial public issue of 15,20,000 equity shares of face value of Rs. 10/- each ("equity shares") of Party Cruisers Limited ("The Company" or "The Issuer Company") for cash at a price Rs. 51/- per equity share (including a share premium of Rs. 41/- per equity share) ("Issue Price") aggregating to Rs. 7.75 crores ("The Issue"), of which 76,000 equity shares of face value of Rs. 10/- each for a cash price of Rs. 51/- Per equity share, aggregating to Rs. 0.39 crores will be reserved for subscription by Market Maker ("Market Maker Reservation Portion"). The Issue less the market maker reservation portion i.e. Issue of 14,44,000 equity shares of face value of Rs. 10/- each at an Issue price of Rs. 51/- per equity share aggregating to Rs. 7.36 crores (is hereinafter referred to as the "net issue"). The issue and the Net issue will constitute 27.14% and 25.79%, respectively of the 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. 51/- i.e. 5.1 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
22-Feb-21 25-Feb-21 Rs51.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  Rs Cr Lead Managers to the Issue
Project Cost 7.20
First Overseas Capital Ltd
Project Financed through Current Offer 7.75  
Post Issue Equity Share Capital 5.60  
Issue Price Rs51.00  
 
Projects
Expansion of Business through strategic investmentGeneral Corporate Expenses
Additional Working Capital
Promoted By
Zuzer Hatim Lucknowala
Rachana Zuzer Lucknowala
Listing At
NSE - SME 
Registrar to the Issue
KFin Techologies Ltd