S.A. Aanandan Mill Ltd - IPO

S.A. Aanandan Mill Ltd IPO Details

Initial public issue* of upto 70,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of S.A. Aanandan Spinning Mill Limited (The Company or the Issuer) for cash at a price of Rs. [*] per equity share (the Issue Price), (including a premium of Rs. [*] per equity share), aggregating Rs. [*] croress (The Issue), of which [*] equity shares of face value of Rs. 10/- for cash at a price of Rs. [*] each aggregating Rs. [*] crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of [*] equity shares of face value of Rs. 10 each for cash at a price of Rs. [*] per equity share, aggregating to Rs. [*] crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute [*] % and [*] % respectively of the post-issue paidup equity share capital of the company. *Subject to finalisation of basis of allotmentThe face value of the equity shares is Rs. 10/- each and the issue price is [*] times of the face value.

Objective of issue

Expenditure for opening new Multi Brand Outlet of the Company. To meet the Working capital requirements of the Company. General Corporate Purposes.

S.A. Aanandan Mill Ltd Contact Details

S.A. Aanandan Mill Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - secretarial@saaindia.com

Website - www.saaindia.com