SSMD Agrotech India Ltd - IPO

SSMD Agrotech India Ltd IPO Details

Initial public issue of 28,17,000 equity shares of face value of Rs.10.00 each (Equity Shares) of the company for cash at a price of Rs. 121 per equity share (including a share premium of Rs. 111 per equity share) (Issue Price) aggregating up to Rs. 34.09 crores (the Issue). The issue comprises a fresh issue of 28,17,000 equity shares aggregating up to Rs.34.09 crores (Fresh Issue). This issue includes a reservation of 1,56,000 equity shares aggregating up to Rs. 1.89 crores (constituting 1.80% of the post-issue paid-up equity share capital of the company) for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e issue of 26,61,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 121/- per equity share aggregating to Rs. 32.20 Crore is hereinafter referred to as the Net Issue. The issue and the net issue shall constitute 32.50% and 30.70%, respectively, of the post-issue paid-up equity share capital of the company, respectively.

Objective of issue

Funding of Working capital Requirement of the Company. Repayment of portion of certain Borrowings availed by our Company. Capital Expenditure to be incurred by the Company for the setting up of new D2C dark Store factories. Capital Expenditure to be incurred by the Company For purchase of machinery for setting up of Namkeen Plant.. General Corporate Purpose.

SSMD Agrotech India Ltd Contact Details

SSMD Agrotech India Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@houseofmanohar.com

Website - www.houseofmanohar.com