Lawreshwar Polymers Ltd IPO closes

The Initial Public Offering of Lawreshwar Polymers Ltd closed on February 08, 2007. The issue opened for subscription on February 05, 2007.

The company came out with an issue of 87,12,500 Equity Shares of Rs. 10/- each for Cash at a Premium of Rs. 6/- per Equity Share aggregating Rs. 1394.00 Lacs. The Face Value of the Equity Shares is Rs.10/- per Equity Share and the Issue Price of Rs. 16/- per Equity Share is 1.6 times of the Face Value.

The Net Offer to public through this issue is 62, 50,000 Equity Shares of Rs. 10/- each for Cash at a Premium of Rs. 6/- per Equity Share aggregating Rs. 1000.00 Lacs. The Promoters participation in the Issue to the extent of 24,62,500 Equity Shares of Rs.10/- each for cash at a premium of Rs. 6/- per share aggregating to Rs. 394.00 lakhs.

Ashika capital Ltd is the lead manager to the issue and Bigshare Services Private Limited is the Registrar to the issue.

The Equity Shares are proposed to be listed on Bombay Stock Exchange Limited, Mumbai (BSE) {Designated Stock Exchange}.

The company's website is Lawreshwar Polymers Ltd

Click on the link for company's IPO prospectus Lawreshwar Polymers Ltd Prospectus

Source : Equity Bulls

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