SPEB Adhesives Ltd - IPO

SPEB Adhesives Ltd IPO Details

Initial public offering of up to 60,24,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Speb Adhesives Limited (Company or the Issuer) for cash at a price of Rs. 56 per equity share (including a share premium of Rs. 46 per equity share) (Offer Price) aggregating up to Rs. 33.73 crores comprising a fresh issue of up to 48,54,000 equity shares aggregating up to Rs. 27.18 crores by the company (Fresh Issue) and an offer for sale of up to 11,70,000 equity shares aggregating up to Rs. 6.55 crores (the Offered Shares) comprising up to 5,85,000 equity shares by Kirtikumar Vithlani aggregating up to Rs. 3.28 crores and up to 5,85,000 equity shares by Harish Vithlani aggregating up to Rs. 3.28 crores (the Selling Shareholders and such offer, the Offer for Sale) (the Offer for Sale and together with the fresh issue, the Offer) of which 38,000 equity shares aggregating to Rs.0.21 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer, less market maker reservation, i.e. net offer 54,86,000 equity shares of face value of Rs.10/- each at price of Rs. 56 per equity share aggregating to Rs. 30.72 crores is herein after referred to as the net offer. The offer and the net offer will constitute 26.82% and 24.42% respectively of the fully-diluted post-offer paid-up equity share capital of the company.

Objective of issue

Part finance the cost of establishing new manufacturing facility to expand our production capabilities of Water based adhesives at Survey no. 120, 121/1 and 121/2,. General corporate purposes (1)(2).

SPEB Adhesives Ltd Contact Details

SPEB Adhesives Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@speb7.com

Website - www.speb7.com