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Axis Mutual, ICICI Pru Life invest Rs 46.29 cror in Ortel Communications IPO; Public Issue opens today

Price Band fixed from Rs. 181 to Rs. 200 per Equity Share
Mumbai, March 3, 2015: Ortel Communications Limited (the “Company” or the “Issuer”) proposes to open today, a public issue of up to 12 million equity shares of face value of Rs. 10 each (“Equity Shares”) including a share premium per Equity Share (the “Issue”). The Price Band is fixed from Rs. 181 to Rs. 200 per Equity Share. The Issue comprises a fresh issue to the public of up to 6 million Equity Shares (the “Fresh Issue”) and an Offer for Sale of up to 6 million Equity Shares (“Offer For Sale”) by NSR-PE Mauritius LLC (the “Selling Shareholder”). The Bid/ Issue closes on March 5, 2015. The minimum Bid lot is 75 Equity Shares and in multiples of 75 Equity Shares thereafter. The Issue constitutes 39.25% of the fully diluted Post-Issue Paid up Equity Share Capital of the Company.
The Company and the Selling Shareholder may, in consultation with the Book Running Lead Manager, allocate up to 60% of the QIB Portion to Anchor Investo…