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Business EconomyPosted at: Dec 13 2018 8:49PM


Deccan Health Care Ltd to come out with IPO on Dec 18

Mumbai, Dec 13 (UNI) Health product manufacturing company, Deccan
Health Care Limited, on Thursday announced that it will hit the
capital market with an initial public offer of 42,12,000 equity
shares of face value of Rs 10 each to raise capital for repayment of
loans and other purposes.
The price band of IPO, fixed in price band of Rs 95 to Rs 100 per
equity share, will open on December 18 and close on Dec 20.
The offer comprises of fresh issue of 22,12,000 equity shares by the
company and 20,00,000 equity shares for sale by the two shareholders
(14,00,000 equity shares by Hitesh Patel and other 6,00,000 by
Meenakshi Gupta), announced managing director of the company Pinto
Gupta here.
Of the total offer, 2,11,200 equity shares of face value of Rs 10
are reserved for subscription, while 40,00,800 equity shares of face
value of Rs 10 each is the net offer.
The offer and the net offer will constitute 26.81 per cent and 25.46
pc, respectively, of the fully-diluted post-offer paid-up equity
share capital of the company, he informed.
The net proceeds will be utilised for repayment/prepayment of
certain secured borrowings availed by the company, purchase of plant
& machinery and related civil work as well as general corporate
purposes.
Pantomath Capital Advisors Private Limited is the book running lead
manager to the issue, whereas Bigshare Services Private Ltd is the
registrar to the issue, Mr Gupta added.
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Tags: #Deccan Health Care Ltd to come out with IPO on Dec 18
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