Striders Impex Ltd - IPO

Striders Impex Ltd IPO Details

Initial public offering of 50,40,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Striders Impex Limited (Company or the Issuer) for cash at a price of Rs. 72 per equity share (including a share premium of Rs. 62 per equity share) (issue price) aggregating up to Rs. 36.29 crores comprising a fresh issue of 45,31,200 equity shares aggregating up to Rs. 32.62 crores by the company (Fresh Issue) and an offer for sale of 5,08,800 equity shares aggregating up to Rs.3.66 crores (the Offered Shares) comprising 2,54,400 equity shares by Kumarshri Rajkumar Bahety aggregating up to Rs. 1.83 crores and 2,54,400 equity shares by Mustafa Esmail Kapasi aggregating up to Rs. 1.83 crores (the Selling Shareholders and such offer, the Offer For Sale) (the Offer For Sale and together with the fresh issue, the Issue) of which 2,52,800 equity shares aggregating to Rs. 1.82 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue, less market maker reservation, i.e. Net issue 47,87,200 equity shares of face value of Rs. 10/- each at price of Rs. 72 per equity share aggregating to Rs. 34.47 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27.07% and 25.71% respectively of the fully diluted post- issue paid-up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The issue price is 7.2 times the face value of the equity shares.Price Band: Rs. 71 to Rs. 72 per equity share of face value of Rs. 10 each.The floor price is 7.1 times the face value of the equity shares and the cap price is 7.2 times the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.

Objective of issue

Funding of Working Capital Requirements in India. Investment in Striders FZ LLC, wholly owned subsidiary, to fund its working capital requirements. Investment in a newly wholly owned subsidiary in mainland UAE, to fund its working capital requirements.. Repayment of Loans. General corporate purposes.

Striders Impex Ltd Contact Details

Striders Impex Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@striders.biz

Website - www.striders.biz