Nirma Public Issue For 100 Lakh Equity Shares

The remaining members of the syndicate will be decided in due course. The offer will be made as per Sebi's directive permitting 100 per cent book building. Investors will have an opportunity to place orders at different prices for the offering as in the case of international offerings. The issue is being made to part finance the company's on-going, backward integration projects in Baroda and Bhavnagar in Gujarat, the total cost of which is estimated at Rs 1417 crore. The Alindra detergent complex near Baroda will produce 75,000 tonnes of benzene and 3,00,000 tonnes per annum (tpa) of synthetic detergents. The Bhavnagar complex will manufacture 4,20,000 tpa of soda ash, 1,00,000 tpa of detergent, 60,000 tpa of soap and 2,80,000 tpa of vacuum salt.