Snehaa Organics Ltd - IPO

Snehaa Organics Ltd IPO Details

Initial public issue of 26,79,000 equity shares of face value Rs. 10/- each of Snehaa Organics Limited. (Snehaa or the company or the issuer) for cash at a price of Rs. 122/- per equity share (issue price) including a share premium of 112/- per equity share), aggregating to Rs. 32.68 crores (the issue), out of which, 1,34,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 122/- per equity share aggregating to Rs. 1.63 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 25,45,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 122/- per equity share aggregating to Rs.31.05 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.32% and 25%, respectively of the post issue paid up equity share capital of the company.

Objective of issue

Working capital requirement. To Repayment of loans availed by the company. General corporate purposes.

Snehaa Organics Ltd Contact Details

Snehaa Organics Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 011 - 26812682 / 83

Fax - 011 - 26812682

Email - info.snehaapharma@gmail.com

Website - https:, snehaaorganics.com