Business Standard

Sonam Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

10.11 cr

Price Range (₹)

36

Lot Size

3000

Min Investment (₹)

1,08,000.00

Listing Exchange

NSE - SME

Open Date

01-Jun-2018

Close Date

06-Jun-2018

Listing Date

14-Jun-2018

Sonam Ltd News

    The Shares of Sonam Ltd have now been listed.

    Sonam Ltd IPO Details

    Initial public issue of 28,08,000 equity shares of face value of Rs. 10 each (equity shares) of Sonam Clock Limited (company or issuer) for cash at a price of 36 per equity share (including a share premium of 26 per equity share) (issue price) aggregating to 10.11 Crores (issue ) of which 1,44,000 equity shares of face value of Rs. 10.00 each for a cash price of 36 per equity share, aggregating to 0.52 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 26,64,000 equity shares of face value of Rs. 10.00 each at an issue price of 36 per equity share aggregating to 9.59 Crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 28.06% and 26.62%, 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 36. The issue price is 3.6 times of the face value.

    Objective of issue

    Funding the Working Capital Requirements of the company. Repayment of Unsecured Loan availed by the company. To meet General Corporate Expenses.

    Sonam Ltd Contact Details

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

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@sonamquartz.com

    Website - www.sonamquartz.com