Mukesh Steels Limited · Mukesh Steels Limited (Incorporated as a private limited company on August...
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Draft Letter of Offer August 17, 2007 For Equity Shareholders of the Company only Mukesh Steels Limited (Incorporated as a private limited company on August 29, 1981 as Mukesh Steels Private Limited under the Companies Act, 1956. Our Company was converted into a public limited company on October 09, 1987 and the name was subsequently changed to Mukesh Steels Limited) Registered Office: Miller Ganj, Gill Road, Ludhiana - 141 003 (The Registered Office was shifted form 50/22 Bhag Nauria Mal Jain, Ram Gali, Ferozepur Road, Ludhiana to the present registered office from January 07, 1988) Tel: +91 161 2536013, Fax: +91 161 2537337 Contact Person & Compliance Officer: Ms. Sangeeta Banda, Company Secretary e-mail: [email protected] Website: www.mukeshsteels.com For private circulation to the Equity Shareholders of the Company only DRAFT LETTER OF OFFER ISSUE OF 43,77,640 FULLY PAID EQUITY SHARES OF Rs. 10/- EACH FOR CASH AT PAR (i.e. Rs. 10/- PER EQUITY SHARE) AGGREGATING Rs. 4,37,76,400/- TO THE EXISTING EQUITY SHAREHOLDERS ON RIGHTS BASIS IN THE RATIO OF TWO FULLY PAID EQUITY SHARE FOR EVERY ONE EXISTING EQUITY SHARES HELD BY THE SHAREHOLDERS ON THE RECORD DATE, i.e., [*]. THE ISSUE PRICE FOR THE EQUITY SHARES WILL BE PAYABLE IN TWO INSTALLMENTS:- 50% ON APPLICATION AND 50% ON ALLOTMENT. THE ISSUE PRICE IS ONE TIME OF THE FACE VALUE OF Rs. 10/- OF THE EQUITY SHARES. GENERAL RISKS Investments in equity and equity related securities involve a degree of risk and Investors should not invest any funds in this Issue unless they can afford to take the risk of losing their investment. Investors are advised to read the Risk Factors carefully beginning on page no. [*] of this Letter of Offer before taking an investment decision in this Issue. For taking an investment decision, Investors must rely on their own examination of the Issuer and the Issue including the risks involved. The securities have not been recommended or approved by the Securities and Exchange Board of India (SEBI) nor does SEBI guarantee the accuracy or adequacy of this document. ISSUER’S ABSOLUTE RESPONSIBILITY The Issuer, having made all reasonable inquiries, accepts responsibility for and confirms that this Letter of Offer contains all information with regard to the Issuer and the Issue, which is material in the context of this Issue, that the information contained in this Letter of Offer is true and correct in all material respects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes this document as a whole or any such information or the expression of any such opinions or intentions misleading in any material respect. LISTING The existing Equity Shares of our Company are listed on Bombay Stock Exchange Limited (“BSE”), Delhi Stock Exchange Association Limited (“DSE”), Ludhiana Stock Exchange Limited (“LSE”), Vadodara Stock Exchange Limited (“VSE”). Accordingly our Company proposes to list the equity shares on all these stock exchanges. The “in-principle” approvals from BSE, DSE, LSE and VSE for listing of securities being offered through this Letter of Offer have been received vide letters dated [*], [*], [*] and [*]. For the purpose of this Issue, the Designated Stock Exchange is BSE. LEAD MANAGER TO THE ISSUE REGISTRAR TO THE ISSUE SPA Merchant Bankers Limited 25, C - Block Community Center, Janak Puri, New Delhi - 110 058 Tel: +91 11 25515086, 25532651 Fax: +91 11 25532644 E-mail: [email protected] Website: www.spacapital.com Contact Person: Mr. Nitin Somani Skyline Financial Services (P) Limited 246, 1st Floor, Sant Nagar East of Kailash, New Delhi - 110 065 Tel. No.: +91 11 26292682 - 83 Fax No.: +91 11 26292681 E-mail: [email protected] Contact Person: Mr. Virendra Kr. Rana Issue Programme Issue Opens on Last Date for Request for Split Application Forms Issue Closes on [*] [*] [*] i
