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IPO

IPO Synopsis
Rite Zone Chemcon India Ltd
Registered Office: Row House 11 Beverly Park,Row House CHS Ltd Mira Road , Thane - 401107 , Maharashtra , India.
Phone : 91-22-68849680   Fax:
Email :  cs@ritezone.in  
Website :  www.ritezone.in
Initial public issue of upto 11,95,200 equity shares of face value of Rs. 10 each of Rite Zone Chemcon India Limited (the "Company" or the "Issuer") for cash at a price of Rs. 75 per equity share (the "Issue Price") aggregating to Rs. 8.96 crores ("The Issue"), of which up to 60,800 equity shares of aggregating to Rs. 0.46 will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 11,34,400 equity shares of face value of Rs. 10 each at a price of Rs. 75 per equity share aggregating to Rs. 8.51 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 28.25% and 26.82% respectively of the post issue paid up equity share capital of the company. The issue price of Rs. 75 is 7.5 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
31-Oct-22 02-Nov-22 Rs75.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  Rs Cr Lead Managers to the Issue
Project Cost 7.25
Expert Global Consultants Pvt Ltd
Project Financed through Current Offer 8.96  
Post Issue Equity Share Capital 4.23  
Issue Price Rs75.00  
 
Projects
Working capital requirementsGeneral corporate purposes
Promoted By
Bhavesh Babulal Bhandari
Arti Bhavesh Bhandari
Listing At
NSE - SME 
Registrar to the Issue
Skyline Financial Services Pvt