Srinibas Pradhan Constructions Ltd - IPO

Srinibas Pradhan Constructions Ltd IPO Details

Initial public offer of 21,45,600 equity shares of face value of Rs. 10/- each (the Equity shares) of Srinibas Pradhan Constructions Limited (SPCL or the Company or the Issuer) at an offer price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores (Public Offer) comprising of a fresh issue of 17,85,600 equity shares aggregating to Rs. [*] crores(the Fresh Issue) and an offer for sale of 3,60,000 equity shares by the selling shareholders (Offer For Sale) aggregating to Rs. [*] crores comprising; 1,80,000 equity shares aggregating up to Rs. [*] crores by Ramakanta Pradhan and 1,80,000 equity shares aggregating up to Rs.[*] crores by Srinibas Pradhan (Collectively Refferd as Selling Shareholders) out of which [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e.offer of [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs.[*] per equity share for cash, aggregating upto Rs. [*] crores is herein after referred to as the net offer. The public offer and net offer will constitute [*] % and [*] % respectively of the post- offer paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding the working capital requirements of our company. Repayment of portion of loan availed by our company. General corporate purpose.

Srinibas Pradhan Constructions Ltd Contact Details

Srinibas Pradhan Constructions Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - info@srinibaspradhan.in

Website - www.srinibaspradhan.com