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JFL Life Sciences Limited files Prospectus with NSE EMERGE
New Delhi (India), August 18: JFL Life Sciences Limited, engaged in the business of manufacturing pharmaceutical products having an experience for more than a decade, has filed the prospectus with NSE EMERGE to raise Rs 1,816.58 Lakhs through an initial public offering (IPO). The public issue of JFL Life Sciences Limited is for 29,78,000 equity […]
New Delhi (India), August 18: JFL Life Sciences Limited, engaged in the business of manufacturing pharmaceutical products having an experience for more than a decade, has filed the prospectus with NSE EMERGE to raise Rs 1,816.58 Lakhs through an initial public offering (IPO).
The public issue of JFL Life Sciences Limited is for 29,78,000 equity shares of Face Value ₹10 each (“EQUITY SHARES”) for cash at a price of ₹ 61/- per equity share (including a securities premium of ₹ 51/- per equity share) (the issue price) aggregating ₹ 1,816.58 LACS of the issue. 1,50,000 equity shares aggregating to ₹ 91.50 Lakhs will be reserved for market maker (“Market Maker Reservation Portion”). The issue, less the Market Maker Reservation Portion, i.e., issue of 28,28,000 equity shares of Face Value of ₹ 10/- EACH at an issue price of ₹ 61/- per equity share, aggregating to ₹ 1,725.08 Lakhs, which is hereinafter referred to as “The Net Issue”. The issue and the Net Issue will constitute 27.08% AND 25.71%, respectively of the post issue paid up equity share capital of the company. The company will list at NSE Emerge. The Lead manager of the issue is GYR Capital Advisors Pvt Ltd and the Registrar to the issue is KFin Technologies Ltd.
The company intends to utilize the proceeds of the Issue to meet the following objectives:
