IPO Issue Details
Issue Price / Price Band₹330 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size400 Shares per Lot
Total Issue Size4,71,200 shares (aggregating up to ₹15.55 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 27 Jul 2015
Subscription CloseThu, 30 Jul 2015
Anchor AllotmentSun, 26 Jul 2015
Basis of AllotmentWed, 05 Aug 2015
Initiation of RefundsThu, 06 Aug 2015
Credit of Shares to DematThu, 06 Aug 2015
Listing DateMon, 31 Aug 2015
UPI Mandate Deadline2015-07-30
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 400 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 800 shares
Net Offer to Public4,47,200 shares (aggregating up to ₹14.76 Cr)
Reserved for Market Maker24,000 shares (aggregating up to ₹0.7920 Cr)
Pre-IPO Promoter Holding17,78,550 shares
Post-IPO Promoter Holding17,78,550 shares
About Emkay Taps & Cutting Tools Ltd.
Incorporated in 1995, Emkay Taps and Cutting Tools Limited is Nagpur based manufacturer of machine tools, auto component and cutting tools. Emkay Taps also involve in power generation through its wind mills in Rajasthan and Karnataka.Company is specialized in cutting tool designs and production and have clients from India as well as US.
Objects of the Issue
(Standard — DRHP pending)
Emkay Taps & Cutting Tools Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding of Capital Expenditure Requirements
2
Working Capital Requirements
3
General Corporate Purposes
Detailed fund allocation will be available once the company files DRHP with
SEBI.
Shareholding & Lock-in
Pre-IPO Promoter Holding
17,78,550 shares
Post-IPO Promoter Holding
17,78,550 shares