Shree Bala Ji Pigments Ltd - IPO

Shree Bala Ji Pigments Ltd IPO Details

Initial public offer of 42,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Shree Bala Ji Pigments Limited (the Company or the Issuer) for cash at a price of Rs. 81/- per equity share, including a share premium of Rs. 71/- per equity share (the Issue Price), aggregating to Rs. 34.02 crores (The Issue), of which 2,11,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 81/- per equity share, aggregating to Rs. 1.71 crores will be reserved for subscriptions by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 39,88,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 81/- per equity share, aggregating to Rs. 32.31 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 28.16% and 26.74% respectively of the post issue paidup equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 81/- each i.e., 8.1 times of the face value of the equity shares. The minimum lot size is 1,600 equity shares

Objective of issue

Part funding of capital expenditure towards setting up backward integration unit. Working capital requirements. General corporate expenses.

Shree Bala Ji Pigments Ltd Contact Details

Shree Bala Ji Pigments Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@satyamtmt.com

Website - www.satyamtmt.com