Sattva Engineering Construction Ltd - IPO

Sattva Engineering Construction Ltd IPO Details

Initial public issue of upto 47,16,800 equity shares of face value of Rs.10/- each of sattva engineering construction limited(formerly known as Sattva Engineering Construction Private Limited), (Sattva or the Company or the Issuer) for cashat a price of Rs.75/- per equity share including a share premium of Rs.65/- per equity share (the issue price) aggregating to Rs.35.38 crores (the issue), of which 2,40,000 equity shares of face value of Rs.10/- each for cash at a price of Rs.75/- per equity share including a share premium of Rs.65/- per equity share aggregating to Rs.1.80 crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. net issue of 44,76,800 equity shares of face value of Rs.10/- each at a price of Rs. 75/- per equity share including a share premium of Rs. 65/- per equity share aggregating to Rs. 33.58 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.00% and 25.63%, respectively, of the post issue paid up equity share capital of the company.

Objective of issue

To meet long-term working capital requirements. General Corporate purposes.

Sattva Engineering Construction Ltd Contact Details

Sattva Engineering Construction Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investor.relation@sattvaengg.in

Website - www.sattvaengg.in