Business Standard

Sagardeep Alloys Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

6.00 cr

Price Range (₹)

20

Lot Size

6000

Min Investment (₹)

1,20,000.00

Listing Exchange

NSE - SME

Open Date

04-May-2016

Close Date

09-May-2016

Listing Date

17-May-2016

Sagardeep Alloys Ltd News

    The Shares of Sagardeep Alloys Ltd have now been listed.

    Sagardeep Alloys Ltd IPO Details

    Public issue of 30,00,000 equity shares of face value of Rs. 10 each (Equity shares) of Sagardeep Alloys Limited (The company or the Issuer) for cash at a price of Rs. 20 per equity share (including a share premium of Rs.10 per equity share) (the issue price), aggregating to Rs. 6 Crores (The issue), of which 1,56,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 20 per equity share, aggregating to Rs. 0.31 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 28,44,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 20 per equity share, aggregating to Rs. 5.69 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.38% and 25.01% respectively of the fully diluted post issue paid up equity share capital of our company.The face value of the equity shares is Rs. 10 each and the issue price of Rs. 20 is 2.0 times of the face value of the equity shares.

    Objective of issue

    Long Term Working Capital requirements.

    Sagardeep Alloys Ltd Contact Details

    Sagardeep Alloys Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - secretary@sdalloys.com

    Website - www.sdalloys.com