SK Minerals & Additives Ltd - IPO

SK Minerals & Additives Ltd IPO Details

Initial public issue of up to 32,40,000 equity shares of face value of Rs. 10/- each (Equity Shares) of SK Minerals & Additives Limited ('' The Company or the Issuer) for cash at a price of Rs. 127 per equity share including a share premium of Rs.117 per equity share( The Issue Price) aggregating to Rs.41.15 Crore (The Issue), of which 1,62,000* equity shares of face value of Rs.10/- each for cash at a price of Rs.127 per equity share including a share premium of Rs.117 per equity share aggregating to Rs.2.06 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 up to 30,78,000* equity shares of face value of Rs.10/- each at a price of Rs. 127 per equity share including a share premium of Rs.117 per equity share aggregating to Rs.39.09 Crore is herein after 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.

Objective of issue

Working Capital Requirement. To fund the expansion plan of the Company i.e. Capital expenditure towards purchase of Plant and Machinery. General Corporate Purpose.

SK Minerals & Additives Ltd Contact Details

SK Minerals & Additives Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - companysecretary@skminerals.net

Website - www.skminerals.net