Shreeshay Engineers Ltd - IPO

Shreeshay Engineers Ltd IPO Details

Public issue of 36,00,000 equity shares of Rs. 10 each (equity shares) of Shreeshay Engineers Limited (SEL or the company) for cash at a price of Rs. 15 per share (the issue price), aggregating to Rs. 5.40 crores (the issue), of which 1,92,000 equity shares of face value of Rs. 10 each will be reserved for subscription by market makers to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 34,08,000 equity shares of face value of Rs. 10 each is hereinafter referred to as the net issue. The issue and the net issue will constitute 27.27% and 25.81%, respectively of the post issue paid up equity share capital of the company.The Face value of the equity share is Rs. 10 and the issue price is 1.5 times of the face value.

Objective of issue

Funding working capital requirement. Expenditure for general corporate purposes.

Shreeshay Engineers Ltd Contact Details

Shreeshay Engineers Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@shreeshay.com

Website - www.shreeshay.com