Public issue of 20,04,000 equity shares of face value of Rs.10 each of Art Nirman Ltd (The company or the issuer) for cash at a price of Rs. 25 per equity share (including a share premium of Rs. 15 per equity share) (issue price) aggregating to Rs. 5.01 crores (the issue), of which 1,02,000 equity shares of face value of Rs. 10 each for a cash at a price of Rs. 25 per equity share, aggregating to Rs 0.26 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. issue of 19,02,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 25 per equity share aggregating to Rs. 4.76 crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 26.35% and 25.01% respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and The issue price is Rs. 25 each. The issue price is 2.50 times of the face value.