ANI Integrated Services Limited’s SME IPO to open on November 8, 2017 with price of Rs 100 per equity share of the Company each of face value of Rs. 10 each

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Public Issue of up to 25,65,600 Equity Shares

  • The minimum Bid lot is 1200 equity shares and in multiples of 1200 equity shares thereafter
  • Issue Opening Date –  November 8, 2017 and Issue Closing Date – November 10, 2017

Chennai, November 2, 2017ANI integrated Services Limited (“Company”), company engaged in the business of Engineering services will be launching its SME initial public offering (“IPO” or the “Issue”) which is scheduled to open on November 8, 2017 and close on November 10, 2017, with a price band of Rs.100 per Equity Share of face value of Rs. 10 each of the Company (the “Equity Shares”).

Initial Public Issue of 25,65,600 equity shares of face value of rs.10 each (“Equity Shares”) of ANI Integrated Services Limited (“AISL” or “company” or “issuer”) for cash at a price of Rs. 100/- per equity share  aggregating to Rs. 2565.60 lakhs (“Issue”) consisting of a Fresh Issue of 16,87,200 Equity Shares of face value of Rs.10 each for cash at a price of Rs. 100/- per Equity Share aggregating to Rs. 1687.20 lakhs  and 8,78,400 Equity Shares aggregating to Rs. 878.40 lakhs through an Offer for Sale by Mr. Navin Nandkumar Korpe, Mrs. Anita Korpe, Mr. Akshay Korpe and Mr. Kedar Korpe (“referred as selling shareholder & promoter”) of which 1,34,400 Equity Shares of face value of Rs. 10.00 each for a cash price of Rs. 100/- per equity share, aggregating to Rs. 134.40 lakhs will be reserved for subscription by Market Maker (“Market Maker Reservation Portion”). The issue less the market maker reservation portion i.e. issue of up to 24,31,200 Equity Shares of face value of Rs. 10.00 each at an issue price of Rs. 100/- per equity share aggregating to Rs. 2431.20 lakhs (is hereinafter referred to as the “Net Issue”).

All potential investors may participate in the Issue through an Application Supported by Blocked Amount (“ASBA”) process providing details about the bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) for the same. For details in this regard, specific attention is invited to section titled “Issue Procedure” beginning on page 280 of this Prospectus. In case of delay, if any in refund, our Company shall pay interest on the application money at the rate of 15% per annum for the period of delay.

The Issue and the Net Issue will constitute 26.48% and 25.14%, respectively of the post issue paid-up equity share capital of the company.

Hem Securities Limited is the Lead Managers (“LM”) to the Issue. The Registrar to the Issue is Bigshare Services Private Limited.

The Equity Shares of ANI integrated Services Limited is proposed to be listed on SME Platform of NSE.

 

About ANI Integrated Services Limited

 

ANI Integrated Services Limited, formerly known as ANI Instruments Pvt Ltd was incorporated in the year 2008 and established since 1989 as a group, ANI is counted amongst the prominent organizations for Manpower Staffing. Company provides technical staffing Solutions, Qualified Engineers to various verticals like Electrical-Instrumentation Services, Erection & commissioning, Operation & Maintenance etc. ANI is reckoned amongst Manpower Outsourcing agencies supporting temporary staffing into diversified Industries other than oil & gas, EPC companies. These services are highly effective and affordable. As a value addition to the existing services company also provide Manpower Outsourcing Support for Project management services, Construction, supervision, Electrical Testing & Commissioning and temporary Staffing Services to all kind of industries. These services are timely executed as per the varied demands of the customers. Backed by a team of 1200+ adept and skilled professionals, Company have set benchmarks of their services in the domestic as well as international markets. Company’s inherent strength is Manpower supply into technical, skilled and unskilled staff with qualitative background.

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