Safety Controls & Devices Ltd - IPO

Safety Controls & Devices Ltd IPO Details

Initial public issue of 60,00,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Safety Controls & Devices Limited (The Company or SCDL or The Issuer) at an issue price of Rs. 80 per equity share for cash, aggregating up to Rs.48 Crores (Public Issue) out of which 3,04,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 80 per equity share for cash, aggregating Rs. 2.43 Crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. Issue of 56,96,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 80 per equity share for cash, aggregating upto Rs. 45.57 Crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 30.26% and 28.73%, respectively of the post issue paid-up equity share capital of the company.Price Band: Rs. 80/- per equity share of face value of Rs. 10/- each.The floor price is 8.0 times the face value of the equity. Bids can be made for a minimum of 2 lots and in multiples of 1600 equity shares thereafter.

Objective of issue

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Safety Controls & Devices Ltd Contact Details

Safety Controls & Devices Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@safetygroup.in

Website - www.safetygroup.in