Sunrays Engineers Ltd - IPO

Sunrays Engineers Ltd IPO Details

Initial public offer of upto 32,64,000 equity shares of face value of Rs. 10/- each (the equity shares) of Sunrays Engineers Limited (the company or the issuer) at an issue price of Rs. [*] per equity share (including share premium of [*] per equity share) for cash, aggregating up to Rs.[*] crores (public issue) out of which upto 1,68,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The public issue lessmarket maker reservation portion i.e issue of [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] perequity share for cash, aggregating upto Rs. [*] crores is herein after referred to as the net issue. The public issue and net issue will constitute [*]% and [*] % respectively of the post- issue paid-up equity share capital of the company.The price band and the minimum bid lot will be decided by the company.

Objective of issue

Capital expenditure for purchase and installation of Machines and ERP Systems. To meet working capital requirements. Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company. General corporate purposes.

Sunrays Engineers Ltd Contact Details

Sunrays Engineers Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 011 - 26812682 / 83

Fax - 011 - 26812682

Email - cs@sunrayseng.com

Website - https:, sunrayseng.com, index.php