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Watrana Rentals Ltd
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cs@watranarentals.com Website:https://www.watranarentals.com/
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Initial public issue of upto 49,02,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Watrana Rentals Limited ("Watrana Rentals" or "The Company" or "The Issuer") for cash at a price of Rs. 232-245 per equity share including a share premium of Rs. 222-235 per equity share (the "Issue Price") aggregating to Rs. 113.73-120.10 Crores ("The Issue"), of which 2,52,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 232-245 per equity share including a share premium of Rs. 222-235 per equity share aggregating to Rs. 5.85-6.17 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Net issue of 46,50,000 equity shares of face value of Rs. 10/- each at a price of Rs. 232-245 per equity share including a share premium of Rs. 222-235 per equity share aggregating to Rs. 107.88-113.93 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 30.00% and 28.46% respectively of the post-issue paid-up equity share capital of the company.
Price Band: Rs. 232 to Rs. 245 per equity share of face value of Rs. 10 each.
The floor price is 23.2 times of the face value of the equity shares and the cap price is 24.5 times of the face value of the equity shares.
Bids can be made for a minimum of 1,200 equity shares and in multiples of 600 equity shares thereafter.
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Watrana Rentals Ltd
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Rs Cr |
Lead Managers to the Issue |
| 0.00 |
| Oneview Corporate Advisors Private Limited |
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| 113.73 |
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| 16.34 |
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| Rs.
232.00
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| Projects |
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Purchase of material handling equipment
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Purchase of aerial work platform
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Purchase of batteries
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General corporate purposes
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| Rajeev Kumar Watrana |
| Sanjeev Kumar Watrana |
| Neha Watrana |
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| Maashitla Securities Pvt Ltd |
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