Organic Recycling Systems Ltd
Registered Office:
# 1003 10th Flr The Affaires,Plot # 9 Sector 17 Sanpada,
Navi Mumbai
-
400705,
Phone : 022-41702222
Fax : NA
Public issue of 25,00,200 equity shares of (Rs) 10/- each of Organic Recycling Systems Limited ("The Company" or the "Issuer") for cash at a price of (Rs) 200/- per share (the "Issue Price"), aggregating to (Rs) 50.00 crores ("The Issue"), of which, 1,30,200 equity shares of (Rs) 10/- each will be reserved for subscription by market maker to the issue (as defined in the section "Definitions and Abbreviations") (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., issue of 23,70,000 equity shares of (Rs) 10/- each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 32.47% and 30.78%, respectively of the post issue paid up equity share capital of the company.
Fixed Price issue at (Rs) 200 per equity share the offer price of (Rs) 200 is
20 times of the face value.
600 equity shares for retail individual investors
600 equity shares and in multiples of 600 equity shares thereafter for non retail investors.
Opens On
Closes On
Application
Allotment
21-Sep-23
26-Sep-23
200.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
600
Further Multiples of :
600
(Rs.Cr)
Lead Managers to the Issue
Project Cost
47.98
Arihant Capital Markets Ltd
Project Financed through Current Offer
50.00
Post Issue Equity Share Capital
7.70
Reduction of the aggregate outstanding borrowings of the company
General corporate purposes