Shree Refrigerations Ltd - IPO

Shree Refrigerations Ltd IPO Details

Initial public offer of up to 93,86,000 equity shares of face value of Rs. 2/- each of Shree Referigerations Limited (Shree or the Companyor the Issuer) for cash at a price of Rs. 125/- per equity share including a share premium of Rs. 123/- per equity share (the Offer Price) aggregating to Rs. 117.33 crores (the Offer), comprising a fresh issue of up to 75,61,000 equity shares of face value of Rs. 2/- each aggregating up to Rs. 94.51 crores by the company (Fresh Issue) and an offer for sale of up to 18,25,000 equity shares (Offered Shares) of face value of Rs. 2/- each aggregating up to Rs. 22.82 crores by Maharashtra Defence and Aerospace Venture fund through its investment manager namely IDBI Capital Markets & Securities limited (Selling Shareholder and such offer for sale of equity shares by the selling shareholder, Offer for Sale). Out of the offer, 4,70,000 equity shares aggregating to Rs. 5.88 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of up to 89,16,000 equity shares of face value of Rs. 2/- each at a price of Rs. 225/- per equity share including a share premium of Rs. 223/- per equity share aggregating to Rs. 111.45 crores is herein after referred to as the Net Offer. The offer and the net offer will constitute 26.34% and 25.02%, respectively, of the post offer paid up equity share capital of the company.

Objective of issue

Funding the working capital requirements. General corporate purposes. Offer for sale.

Shree Refrigerations Ltd Contact Details

Shree Refrigerations Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investor@shreeref.com

Website - www.shreeref.com