IPO Issue Details
Issue Price / Price Band₹18 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size8,000 Shares per Lot
Total Issue Size18,00,000 shares (aggregating up to ₹3.24 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 03 Jul 2015
Subscription CloseTue, 07 Jul 2015
Anchor AllotmentThu, 02 Jul 2015
Basis of AllotmentMon, 13 Jul 2015
Initiation of RefundsTue, 14 Jul 2015
Credit of Shares to DematTue, 14 Jul 2015
Listing DateThu, 16 Jul 2015
UPI Mandate Deadline2015-07-07
Application & Investment Details
Retail — Min (1 Lots)₹1,44,000 — 8,000 shares
Retail — Max (13 Lots)₹1,872,000 (13 Lots)
HNI — Min (2 Lots)₹2,88,000 — 16,000 shares
Net Offer to Public17,04,000 shares (aggregating up to ₹3.07 Cr)
Reserved for Market Maker96,000 shares (aggregating up to ₹0.1728 Cr)
Pre-IPO Promoter Holding50,00,000 shares
Post-IPO Promoter Holding68,00,000 shares
About Loyal Equipments Ltd.
Incorporated in 2007, Loyal Equipments Ltd (LEL) is an ISO 9001:2008 certified company engaged in manufacturing and supplying of Coded Pressure Vessels & Heat Exchangers (Ferrous & Non Ferrous), Air Cooled Heat Exchangers, Skids for Dynamic and Static Machineries, Base-Plates, Sterilizers, Chimneys and Columns, Tanks & Receivers, Site Fabrication & Erection Activities.These products are widely used in the industries like Petro-chemicals, Compressor Industries, Power Plants, Fertilizers, Refinery, Pharmaceuticals and Dairy Industry. All these products are manufactured on tailor made basis to suit customers needs. LML's client list includes RIL, Larsen & Turbo, Ingersoll Rand, Engineers India, Kirloskar, Bharat Pumps etc.
Objects of the Issue
Loyal Equipments Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To Meet Working Capital Requirement
2.84
2
2 Public Issue Expenses
0.40
Shareholding & Lock-in
Pre-IPO Promoter Holding
50,00,000 shares
Post-IPO Promoter Holding
68,00,000 shares