Shivchem Agro Ltd - IPO

Shivchem Agro Ltd IPO Details

This initial public issue comprises of upto 22,6,000 equity shares of face value of Rs. 5/- each for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share (the issue price) aggregating upto Rs. [*] crores (the issue) by the company. The issue comprises a reservation of upto 1,14,000 equity shares of face value of Rs. 5/- each for subscription by the market maker at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] crores (the market maker reservation portion). The issue comprises a net issue to the public of up to 21,46,000 equity shares of face value of Rs. 5/- each at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] crores (the net issue). The issue and the net issue will constitute 30.00% and 28.49% respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 59/- to Rs. 62/- for equity share of face value of Rs. 5 each.The floor price is 11.80 times times the face value and cap price is 12.4 times of the face value of the equity shares.Bids can made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.

Objective of issue

Funding the working capital requirements of the Company. Repayment/prepayment, in full or part, of certain loans availed by the Company. General corporate purposes.

Shivchem Agro Ltd Contact Details

Shivchem Agro Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - ipo@shivchemagro.com

Website - www.shivchemagro.com