Shining Tools Ltd - IPO

Shining Tools Ltd IPO Details

Initial public issue of 15,00,000 equity shares of face value of Rs.10/- each (the equity shares) of Shining Tools Limited(the company or STL or the issuer) at an issue price of Rs.114/- per equity share for cash, aggregating Rs.17.10 crores (public issue) out of which 75,600 equity shares of face value of Rs.10/- each, at an issue price of Rs.114/- per equity share for cash, aggregating Rs. 0.86 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 14,24,400 equity shares of face value of Rs.10/- each, at an issue price of Rs.114/- per equity share for cash, aggregating Rs. 16.24 crores is herein after referred to as the net issue. The public issue and net issue will constitute 26.51% and 25.17%, respectively of the post-issue paid-up equity share capital of the company.Price: Rs. 114 per equity share of face value of Rs. 10 each.The issue price is 11.4 times the face value of the equity shares.Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.

Objective of issue

Purchase and installation of plant and machinery for carbide precision tools at existing premises. Funding of working capital requirements. General corporate purposes.

Shining Tools Ltd Contact Details

Shining Tools Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - info@tixnatools.com

Website - www.tixnatools.com