Universal Energies Ltd IPO 1970 Price, Date, Review and Key Insights

Universal Energies Ltd IPO Details

Public issue of 7,000,000 equity shares of Rs. 10/- each issued for cash at a premium of Rs. 20/- per equity share i.e. At a price of Rs. 30/- per equity share aggregating to 21.00 crores (The Issue or The Net Issue) by Universal Energies Limited (The company or The Issuer). The face value of the share is Rs. 10/- each and the issue price is 3 (three) times of the face value. The issue to the public will constitute 32.31% of the fully diluted post-issue equity share capital of the company. The issue is being made in terms of Regulation 26 (1) of SEBI (ICDR) Regulations, 2009, as amended (The SEBI Regulations). This being a fixed price issue, the allocation in the net offer to the public category shall be made as per sub Clause (4) of Regulation 43 of The SEBI (ICDR) Regulations, 2009 as amended (The SEBI Regulations).

Objective of issue

Procurement of site construction equipments / mac.. To fund the additional working capital margin.

Universal Energies Ltd Contact Details

Universal Energies Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai – 400072

Phone – 91-22-40430200/28470652

Fax – 91-22-28475207

Email – [email protected]

Website – www.uel.co.in