Skanray Technologies Ltd - IPO

Skanray Technologies Ltd IPO Details

Initial Public Offering of up to (*) equity shares of face value of Rs.10 each (equity shares) of Skanray Technologies Limited (company or issuer) for cash at a price of Rs.(*) per equity share, including a premium of Rs.(*) per equity share, (the offer price) aggregating up to Rs.(*) Crores, comprising of a fresh issue of up to (*) equity shares aggregating up to Rs.400 Crores by the company (fresh issue) and an offer for sale of up to 400,000 equity shares by Vishwaprasad Alva, 1,000,000 equity shares by Chayadeep Properties Private Limited (collectively, the promoter selling shareholders), 8,000,000 equity shares by Ascent Capital (defined herein below, the investor selling shareholder), 1,890,600 equity shares by Chayadeep Ventures llp, 1,264,865 equity shares by Agnus Holdings Private Limited, 665,582 equity shares by Axis Dot Ventures Pte Ltd, 201,880 equity shares by Girish T R, 144,160 equity shares by Suresh Subramanyam, 110,713 equity shares by Balasubramanian Kandankumarath, 73,259 equity shares by Vijendra Nath Malhotra, 55,952 equity shares by Sebastian Swamy 48,092 equity shares by Sreedhara N, 35,088 equity shares by Parasuramappa Belur, 33,693 equity shares by K S Chandrashekara Raju, 26,079 equity shares by Sudheendra B Varna, 20,531 equity shares by Prashant A, 20,000 equity shares by Janardhan Bhat, 17,500 equity shares by Ajay Balaram Achath, 10,836 equity shares by Mohith Manoj, 10,615 equity shares by Sunil Rao, 10,000 equity shares by Uma Reddy, 9,953 equity shares by Deepika K R, 9,496 equity shares by Lingaraju p, 9,077 equity shares by Jayashree Balasubramanian, 6,887 equity shares by Santosh Kumar Mohan, 5,643 equity shares by Koteppa Gatti, 4,727 equity shares by Ravishankar R K, 4,718 equity shares by Arun Kumar Pillai, 4,255 equity shares by Dipjyoti Bharali, 3,348 equity shares by Prema S, 3,307 equity shares by Siddaraju A, and 1,500 equity shares by Thirumaleshwara Hasandka (collectively, the selling shareholders), aggregating up to 14,106,347 equity shares (offered shares) and aggregating up to Rs.(*) Crores (the offer for sale and together with the fresh issue, the offer). The offer shall constitute (*)% of the post-offer paid up equity share capital of the company. The company may, in consultation with the book running lead managers (brlms), consider a pre-issue placement of an aggregate amount not exceeding Rs.350 Crores, consisting of a fresh issue of equity shares of an aggregate amount not exceeding Rs.150 Crores and a sale of equity shares by certain existing shareholders of the company for an amount not exceeding Rs.200 Crores (the pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company in consultation with the brlms and the pre-ipo placement will be undertaken prior to filing of the red herring prospectus with the roc. If the pre-ipo placement is undertaken, the amount raised from the pre-ipo placement will be reduced from the offer, subject to the minimum offer size constituting at least 10% of the post-offer paid-up equity share capital of the company .The price band and the minimum bid lot will be decided by the company.The face value of the equity shares is Rs.10 each and the offer price is (*) times the face value of the equity shares

Objective of issue

Funding Inorganic Growth. Funding Working Capital Requirements of the Company. Investment in the Company Subsidiaries. Funding Capital Expenditure Requirements of the Company. General Corporate Purposes.

Skanray Technologies Ltd Contact Details

Skanray Technologies Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investors@skanray.com

Website - www.skanray.com