Shayona Engineering Ltd - IPO

Shayona Engineering Ltd IPO Details

Public issue of up to 10,32,000 equity shares of face value Rs. 10/- each (Equity Shares) of the company for cash at a price of Rs.144 per equity share (Including a Securities Premium of Rs.134 per Equity Share) (The Issue Price), aggregating up to Rs.14.86 crores (Issue) of the issue, 52,000 equity shares aggregating to Rs.0.75 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 9,80,000 equity shares of face value of Rs. 10 each at an issue price of Rs.144 per equity share aggregating to Rs.14.11 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.51% and 25.18%, respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 144 per equity share of face value Rs.10/- each.The floor price is 14.4 times of the face value of the equity shares.Bids can be made for a minimum of 2000 equity shares and in multiples of 1000 equity shares thereafter.

Objective of issue

Purchase of Plant and Machinery for the existing line of the business. Prepayment or repayment of secured loan availed by the Company from Financial Institution. Funding of working capital requirements of the Company. General corporate purposes.

Shayona Engineering Ltd Contact Details

Shayona Engineering Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance@shayonaengg.com

Website - www.shayonaengg.com