Sitaram India Ltd - IPO

Sitaram India Ltd IPO Details

Public issue of 27,00,000 equity shares of face value of Rs. 10.00 each of Sitaram India Limited (The company or the issuer) for cash at a price of Rs. 22.00 per equity share (including a share premium of Rs. 12.00 per equity share) (issue price) aggregating to Rs. 5.94 crores (the issue), of which 1,44,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 22.00 per equity share, aggregating to Rs. 0.32 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 25,56,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 22.00 per equity share aggregating to Rs. 5.62 crores (the net issue). The issue and the net issue will Constitute 26.47% and 25.06%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 22.00. The issue price is 2.20 times of the face value.

Objective of issue

To meet working capital requirement.

Sitaram India Ltd Contact Details

Sitaram India Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - cs@sitaramindia.com

Website - www.sitaramindia.com