Initial public offer of upto 60,30,000* equity shares of face value of Rs. 10/- each ("Equity Shares") of Vedant Poly Fabs Limited ("The Company") for cash at a price of Rs. 94 per equity share (including share premium of Rs. 84 per equity share) ("Offer Price"), aggregating up to Rs. 56.68 Crores comprising a fresh issue of up to 54,26,400 equity shares aggregating up to Rs. 51.01 Crores by the company (the "Fresh Issue") and offer for sale of up to 6,03,600 equity shares aggregating up to Rs. 5.67 Crores by the company promoter's group selling shareholder, (the "Offered Shares") (the "Offer For Sale" and together with the fresh offer, the "Offer") of which upto 3,04,800 equity shares aggregating to Rs. 2.87 Crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e., Net offer of upto 57,25,200 equity shares at an offer price of Rs.94 per equity share, aggregating to Rs. 53.82 Crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 29.92% and 28.41%, respectively of the post offer paid up equity share capital of the company.
Price Band: Rs. 94 per equity share of face value of Rs. 10/- each.
The floor price is 9.4 times the face value of the equity shares.
Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.