Submarine Pens Ltd - IPO

Submarine Pens Ltd IPO Details

Initial public offer of upto 37,02,400 equity shares of face value of Rs.10/- each (the equity shares) of Submarine Pens Limited (the company or submarine or the issuer) for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share (the issue price) aggregating to Rs. [*] crores (the issue), of which upto [*] equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*] per equity share including a share premium of Rs.[*] per equity share aggregating to Rs. [*] crores will be reservedfor subscription by market maker to the issue (the market maker reservation portion). The issue less the market makerreservation portion i.e., net issue of upto [*] equity shares of face value of Rs. 10/- each at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] crores is herein after referred to as the net issue. The issue and the net issue will constitute [*]% and [*]% respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs.10/- each. The issue price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding capital expenditure for purchase of an industrial building for setting up a processing and assembly unit at Vasai, Palghar. Funding working capital requirements of the Company. General corporate purposes.

Submarine Pens Ltd Contact Details

Submarine Pens Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@submarinepens.co.in

Website - https:, www.submarinepens.com