Shanti Inorganics Ltd - IPO

Shanti Inorganics Ltd IPO Details

Initial public issue of upto 50,00,000 equity shares of face value of Rs. 10/- each of Shanti Inorganics Limited (formerly known as `Shanti Inorgo Chem (GUJ) Private Limited' and `Shanti Inorgo Chem (GUJ) Limited)', (SIL orShanti or the Company or the Issuer) for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share (the Issue Price) aggregating to Rs. [*] Crore (The Issue), of which [*] equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs.[*] Crore will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of [*] equity shares of face value of Rs.10/- each at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] Crore is hereinafter referred to as the Net Issue. The issue and the net issue will constitute [*]% and [*]%, respectively, of the post issue paid up equity share capital of the company.The price band and the minimum bid lot will be decided by the company.

Objective of issue

Part funding the capital expenditure towards setting up a new facility for manufacturing of sodium meta bisulphite, sodium bisulphite powder and ammonium bisulphite situated at Bavla. General Corporate Purposes.

Shanti Inorganics Ltd Contact Details

Shanti Inorganics Ltd, 301 The Centrium, 3rd Flr 57 LBS, Nav Pada Kurla(W), Mumbai-400 070

Phone - 91 40 6716 2222/18003094001

Fax -

Email - info@shantiinorganics.com

Website - https:, shantiinorganics.com