Shree Balaji (Mala) Textiles Ltd - IPO

Shree Balaji (Mala) Textiles Ltd IPO Details

Initial public offer of up to 27,00,000 equity shares of face value Rs. 10 each (the Equity Shares) of Shree Balaji (Mala)Textiles Limited (the Company or the Issuer) for cash at an issue price of Rs. 66-70 per equity share (including securities premium of Rs. 56-60 per equity share) (Issue Price), aggregating up to Rs. 17.82-18.9 Crores (the Issue) of which 1,36,000 equity shares of face value of Rs. 10 each aggregating to Rs. 0.90-0.95 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 25,64,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 66-70 per equity share aggregating upto Rs. 16.92-17.95 Crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.26% and 25.89% respectively of the post-issue paid-up equity share capital of the company.Price Band: Rs. 66/- to Rs. 70/- per equity share of face value Rs. 10/- each.The floor price is 6.6 times of the face value and the cap price is 7.0 times of the face value of the equity shares. Bids can be made for a minimum of 4000 equity shares and in multiples of 2000 equity shares thereafter.

Objective of issue

Funding the working capital requirements of the Company. General Corporate Purpose.

Shree Balaji (Mala) Textiles Ltd Contact Details

Shree Balaji (Mala) Textiles Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@malasaree.com

Website - www.malasaree.com