Shreni Shares Ltd - IPO

Shreni Shares Ltd IPO Details

Initial public offering of up to 62,94,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Shreni Shares Limited (Shreni or The Company or The Issuer) for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. [*] crores comprising of fresh offer of up to 37,76,400 equity shares aggregating to Rs. [*] crores (Fresh Offer) and an offer for sale of up to 25,17,600 equity shares by Hitesh Natvarlal Punjani and Nidhi Shah (Selling Shareholders) aggregating to Rs. [*] crores (Offer for Sale) (The Offer) of which up to 3,18,000 equity shares aggregating to Rs. [*] crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of up to 59,76,000 equity shares of face value of Rs. 10/- each at an offer price of Rs. [*] per equity share aggregating to Rs. [*] crores (Net Offer). The offer and the net offer will constitute 26.49 % and 25.15 % of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the offer price is [*] times of the face value.

Objective of issue

Funding working capital requirement. Prepayment or repayment in part of certain borrowings availed by the company. Setting up of office space. General corporate purposes.

Shreni Shares Ltd Contact Details

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

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investor@shreni.in

Website - www.shreni.in