Shah Investor's Home Ltd - IPO

Shah Investor's Home Ltd IPO Details

Initial public offer of 53,00,000 equity shares of face value of Rs. 10 each (equity shares) of Shah Investor's Home Limited (company or issuer) for cash at a price of Rs. 63 per equity share (including a share premium of Rs. 53 per equity share) (issue price) aggregating to Rs. 33.39 crores (issue ) consisting of a fresh issue of 29,28,000 equity shares of face value of Rs. 10 each (equity shares) for cash at a price of Rs. 63 per equity share aggregating to Rs. 18.45 crores (issue) and 23,72,000 equity shares of face value of Rs. 10 each (equity shares) for cash at a price of Rs. 63 per equity share aggregating to Rs. 14.94 crores through an offer for sale by Mr. Upendra T. Shah, Mrs. Purnima U. Shah, Mr. Tanmay Shah, Ms. Preeti U. Shah and Mr. Rajesh Punjabi (collectively referred as selling shareholders including promoters and promoters group) of which 2,96,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 63 per equity share, aggregating to Rs. 1.86 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 50,04,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 63 per equity share aggregating to Rs. 31.53 crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 26.50% and 25.02%, 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 is Rs. 63 each. The Issue price is 6.3 times of the face value.

Objective of issue

Investment in subsidiaries companies. Setting up new branch offices for expansion. Establishment of market academy. Technology up gradation. General corporate purpose.

Shah Investor's Home Ltd Contact Details

Shah Investor's Home Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - info@sihl.in

Website - www.sihl.in