Suich Industries Ltd - IPO

Suich Industries Ltd IPO Details

Initial public offer of 41,15,200 equity shares of face value of Rs. 10 each (equity shares) of Suich Industries Limited (company or issuer) for cash at a price of Rs. 75 per equity share (including a share premium of Rs. 65 per equity share) aggregating Rs. 30.86 Crores (the issue). The issue includes a reservation of 2,08,000 equity shares of face value Rs. 10 each at a price of Rs. 75 per equity share aggregating Rs. 1.56 Crores for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Net issue of 39,07,200 equity shares of face value of Rs. 10 each for cash at a price of Rs. 75 per equity share, aggregating Rs. 29.30 Crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 27.00% and 25.63% respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs.10 each.The Issue Price is Rs.75 per equity share and is 7.5 times the face value of the equity share.

Objective of issue

Repayment / Pre-Payment of certain Unsecured Loans availed from banks and Financial Institutions by the company. Funding the Working Capital Requirements of the Company. General Corporate Purposes.

Suich Industries Ltd Contact Details

Suich Industries Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - info@suichgroup.com

Website - www.suichgroup.com