SMR Jewels Ltd - IPO

SMR Jewels Ltd IPO Details

Initial public offer of upto 56,25,000 equity shares of face value of Rs. 10/- each (equity shares) of SMR Jewels Limited (the company or SMR Jewels or issuer) at an offer price of Rs.[*] per equity share (including a share premium of Rs. [*]per equity share) for cash, aggregating upto Rs. [*] crores (public offer) comprising a fresh issue of upto 45,00,000 equity shares aggregating to Rs. [*] crores (the fresh issue) and an offer for sale of upto 3,50,000 equity shares by ParulManoj Soni, upto 3,50,000 equity shares by Dipikaben Virendra Soni, upto 2,14,930 equity shares by Vismay Manojkumar Soni; upto 1,00,000 equity shares by Drashti Pal Modi, upto 36,690 equity shares by Bhanumati Ramanlal Parekh, upto 36,690 equity shares by Soni Mitul Virendra and upto 36,690 equity shares by Soni Niharika Vismay (the selling shareholders) aggregating upto 11,25,000 equity shares by the selling shareholders (offer for sale) aggregating to Rs. [*] crores out of which [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the offer (the market maker reservation portion). The public offer less market maker reservation portion i.e. offer of [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] crores is hereinafter referred to as the net offer. The public offer and net offer will constitute [*]% and [*]% respectively 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.

Objective of issue

Capital expenditure requirements towards Construction of Jewellery Studio. Repayment/prepayment of all or certain of the company borrowings availed of by its Company. Long Term Working capital requirement. General Corporate Purpose.

SMR Jewels Ltd Contact Details

SMR Jewels Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 022- 23016761 / 23018261

Fax - 91-22-23012517

Email - info@smrjewels.in

Website - www.smrjewels.in