Sihora Industries Ltd - IPO

Sihora Industries Ltd IPO Details

Initial public issue of 16,00,000 equity shares of face value of Rs.10/- each of Sihora Industries Limited (SIL) or the company or the issuer) for cash at a price of Rs. 66/- per equity share including a share premium of Rs. 56/- per equity share (the Issue Price) aggregating to Rs. 10.56 Crore (the Issue), of which 80,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 66/- per equity share including a share premium of Rs. 56/- per equity share aggregating to Rs. 0.53 crores 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 15,20,000 equity shares of face value of Rs. 10/- each at a price of Rs. 66/- per equity share including a share premium of Rs. 56/- per equity share aggregating to Rs. 10.03 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 30.03% and 28.53% respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 66/- for equity share of face value of Rs. 10 each.The floor price is 6.6 times times the face value of the face value of the equity shares.Bids can made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.

Objective of issue

Funding Capital Expenditure towards purchase of additional plant & machinery. Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial Institutions. To meet additional working capital requirements. General Corporate Purposes.

Sihora Industries Ltd Contact Details

Sihora Industries Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@sihoragroup.com

Website - www.sihoragroup.com