Business Standard

Commercial Syn Bags Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

7.66 cr

Price Range (₹)

24

Lot Size

6000

Min Investment (₹)

1,44,000.00

Listing Exchange

BSE - SME

Open Date

30-Jun-2016

Close Date

05-Jul-2016

Listing Date

14-Jul-2016

Commercial Syn Bags Ltd News

    The Shares of Commercial Syn Bags Ltd have now been listed.

    Commercial Syn Bags Ltd IPO Details

    Public issue of 31,92,000 equity shares of face value of Rs. 10 each (Equity shares) of commercial Syn Bags Limited (The Company or the Issuer) for cash at a price of Rs. 24 per equity share (the issue price) (including a share premium of Rs. 14 per equity share) aggregating Rs. 7.66 Crores (The issue), of which 1,68,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 24 per equity share, aggregating Rs. 0.40 Crores will be reserved for subscription by the market maker to the issue (The Market maker reservation portion). The issue less market maker reservation portion i.e. issue of 30,24,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 24 per equity share, aggregating Rs. 7.26 Crores is hereinafter refered to as the Net issue. The issue and the net issue will constitute 27.01% and 25.59% respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price of Rs. 24 is 2.4 times of the face value of the equity shares.

    Objective of issue

    Repayment of Secured and Unsecured Loan. Working capital requirements.

    Commercial Syn Bags Ltd Contact Details

    Commercial Syn Bags Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

    Phone - 91-22-40430200/28470652

    Fax - 91-22-28475207

    Email - investors@comsyn.com

    Website - www.comsyn.com