SP Refractories Ltd - IPO

SP Refractories Ltd IPO Details

Initial public offer of 5,47,200 equity shares of Rs. 10 each (Equity Shares) of SP Refractories Limited (SPRL or the Company) for cash at a price of Rs. 90 per share (the Issue Price), aggregating to Rs. 4.92 crores (The Issue), consisting of fresh issue of 2,97,600 equity shares aggregating to Rs. 2.68 crores and an offer for sale of 2,49,600 equity shares comprising of 1,24,800 by Shweta Prabodh Kale and 1,24,800 by Prajakta Prabodh Kale (The Promoters Selling Shareholder or The Selling Shareholder) aggregating to Rs. 2.24 crores (Offer for Sale), of which 28,800 equity shares of Rs. 10 each will be reserved for subscription by aggregating market maker to the issue (the Market Maker Reservation Portion). The issue less than the market maker reservation portion i.e. issue of 5,18,400 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 30.58% and 28.97% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 9 times of the face value.Bid can be made for minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

Objective of issue

Funding Working Capital Requirements. General Corpoate Purposes.

SP Refractories Ltd Contact Details

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

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@sprefractories.com

Website - www.sprefractories.com