SRIT India Ltd - IPO

SRIT India Ltd IPO Details

Initial public offering of up to 16,800,000 equity shares of face value of Rs. 5/- each (equity shares) of Srit India Limited (company or issuer) for cash at a price of Rs. [*]# per equity share (including a share premium of Rs. [*] per equity share) (issue price) aggregating up to [*] crores (issue) comprising a fresh issue of up to 16,800,000 equity shares by the company aggregating up to Rs. [*] crores (fresh issue).This issue includes a reservation of [*] equity shares of face value of Rs. 5/- each aggregating to Rs. [*] crores# (constituting [*] % of the post-issue paid-up equity share capital of the company) for subscription by eligible employees (the employee reservation portion). The company, in consultation with the book running lead manager, may offer a discount of [*]% (equivalent of Rs.[*] per equity share) to the issue price to eligible employees bidding under the employee reservation portion (employee discount). The issue less the employee reservation portion is hereinafter referred to as net issue. The issue and the net issue would constitute [*]% and [*]%, respectively, of the post-issue paid-up equity share capital.The price band and the minimum bid lot, will be decided by the company.# A discount of Rs. [*] per Equity Share may be offered to Eligible Employees Bidding in the Employee Reservation Portion.

Objective of issue

Funding of capital expenditure requirements towards modernization of existing products and redevelopment. Funding working capital requirements of our Company. General corporate purposes.

SRIT India Ltd Contact Details

SRIT India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs.nidhi@sritindia.com

Website - www.sritindia.com