SORIL Infra Resources Ltd(Merged) - IPO

SORIL Infra Resources Ltd(Merged) IPO Details

Public Issue of 9,000,000 Equity Shares of Rs. 10 each for cash at a price of Rs 120 per Equity Share(including a premium of Rs. 110 per Equity Share) aggregating Rs. 108 crores by Piramyd Retail Limited. This includes Promoter contribution of 4,000,000 Equity Shares at a price of Rs. 120 aggregating Rs. 48 crores and the net offer to public comprises of 5,000,000 Equity Shares at a price of Rs. 120 aggregating to Rs. 60 crores. The net offer to public would constitute 25% of the fully diluted post issue paid up capital of the Issuer.The issue price is 12 times of the face value.

Objective of issue

Capital Expend.&Deposits for setting up new stores. Upgrad. of Information Technology Infrastructure. Repayment of Bridge Loan to Ashok Cutting Tool Ltd.

SORIL Infra Resources Ltd(Merged) Contact Details

SORIL Infra Resources Ltd(Merged), Karvy House 46, Road No 4 Street No1, Banjara Hills, Hyderabad - 500034

Phone - 91-40-23312454/23320251

Fax - 91-040-23311968

Email - investor@piramyd.co.in; helpdesk@indiabulls.com

Website - www.sorilinfraresources.com; www.piramyd.com; www.