Business Standard

Spectrum Electrical Industries Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

25.87 cr

Price Range (₹)

65

Lot Size

2000

Min Investment (₹)

1,30,000.00

Listing Exchange

NSE - SME

Open Date

17-Sept-2018

Close Date

21-Sept-2018

Listing Date

01-Oct-2018

Spectrum Electrical Industries Ltd News

    The Shares of Spectrum Electrical Industries Ltd have now been listed.

    Spectrum Electrical Industries Ltd IPO Details

    Public issue of 39,80,000 equity shares of Rs.10/- each of Spectrum Electrical Industries limited (the company or the issuer) for cash at a price of Rs.65/- per share (the issue price), aggregating to Rs.25.87 Crores (the issue), of which, 2,00,000 equity shares of rs 10/- each will be reserved for subscription by market maker to the issue (as defined in the section definitions and abbreviations) (the market maker reservation portion). The issue less the market maker reservation portion i.e. issue of 37,80,000 equity shares of Rs.10/- each for cash at a price of Rs.65/- per share aggregating to Rs.24.57 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.32% and 25.00%, respectively of the post issue paid up equity share capital of the company The face value of the equity shares is Rs.10/- each and the issue price is 6.5 times the face value

    Objective of issue

    To Set up a Zinc Plating Plant at Umale. To Meet Long Term Working Capital Requirements. General Corporate Purposes.

    Spectrum Electrical Industries Ltd Contact Details

    Spectrum Electrical Industries Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

    Phone - 91-22-40430200/28470652

    Fax - 91-22-28475207

    Email - spectrum.deepak@gmail.com

    Website - www.spectrum-india.com