Sanmati Precision Engineering Ltd - IPO

Sanmati Precision Engineering Ltd IPO Details

Initial public issue of upto 25,00,000 equity shares of Rs. 10 each (equity shares) of Sanmati Precision Engineering Limited (SPEL or the company) for cash at a price of Rs. [*] per share (the issue price), aggregating to Rs. [*] crores (the issue), of which upto [*] equity shares of Rs. 10 each 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 upto [*] equity shares of Rs. [*] each is hereinafter referred to as the net issue. The issue and the net issue will constitute [*]% and [*]%, respectively of the post issue paid up equity share capital of the company.The Face value of the equity shares is Rs. 10 and the issue price is [*] times of the face value.

Objective of issue

Acquisitions and other startegic initiatives. Funding working capital requirements. General corporate purpose.

Sanmati Precision Engineering Ltd Contact Details

Sanmati Precision Engineering Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@sanmatigroup.com

Website - www.sanmatigroup.com