Sotefin Bharat Ltd - IPO

Sotefin Bharat Ltd IPO Details

Initial public issue of upto 50,00,000* equity shares of face value of Rs.10/- (the equity shares) each of Sotefin Bharat Limited (formerly known as Sotefin Bharat Private Limited), (Sotefin or the company or the issuer) for cash at a price of Rs.[*]/- per equity share including a share premium of Rs.[*]/- per equity share (the issue price) aggregating up to Rs.[*] crores (the issue), of which [*] equity shares of face value of Rs.10/- each for cash at a price of Rs.[*]/- per equity share including a share premium of Rs.[*]/- per equity share aggregating to Rs.[*] crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. net issue of [*] equity shares of face value of Rs.10/- each at a price of Rs.[*]/- per equity share including a share premium of Rs.[*]/- per equity share aggregating to Rs.[*] crores is hereinafter referred to as the net issue. The issue and the net issue will constitute [*]% and [*]%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding capital expenditure requirements for setting up a manufacturing facility in Kolkata, West Bengal. Funding capital expenditure requirements for the proposed new office premises. Funding working capital requirements of the Company. General corporate purposes.

Sotefin Bharat Ltd Contact Details

Sotefin Bharat Ltd, 205/208, Anarkali Market, Jhandewalan Extn, New Delhi - 110055

Phone - 011 - 42541234 / 23541234

Fax - 011 - 23552001

Email - bdas@sotefinbharat.com

Website - www.sotefinbharat.com