Shreedhar Spinners Ltd - IPO

Shreedhar Spinners Ltd IPO Details

Initial public offer of upto 58,00,000^ equity shares of face value of Rs.10/- each (equity shares) of Shreedhar Spinners Limited (the company or the issuer) at an issue price of Rs.[*] per equity share (including a share premium of [*] per equity share) for cash, aggregating up to Rs.[*] crores (public issue) out of which [*] equity shares of face value of Rs.10/- each, at an issue price of Rs.[*] per equity share for cash, aggregating Rs.[*] crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The public issue less market maker reservation portion i.e. issue of [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs.[*] per equity share for cash, aggregating up to Rs.[*] crores is here inafter referred to as the net issue. The public issue and net issue will constitute [*]% and [*]% respectively of the post-issue paid- up equity share capital of the company.The price band and the minimum bid lot will be decided by the company.^Subject to finalisation of basis of allotment.

Objective of issue

Funding incremental working capital requirements of the Company. Purchase of machineries into existing manufacturing facility at Amravati, Maharashtra. General corporate purposes.

Shreedhar Spinners Ltd Contact Details

Shreedhar Spinners Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - company.sec@shreedhar.com

Website - www.shreedharspinners.com