Sunrise Middle East Turn Tech Ltd - IPO

Sunrise Middle East Turn Tech Ltd IPO Details

Initial public offer of upto 51,58,000 equity shares of face value of Rs. 10/- each (equity shares) of Sunrise Middle East Turn Tech Limited (the company or the issuer company) at an offer price of Rs. [*] per equity share (including a share premium of Rs. [*] /- per equity share) aggregating to Rs. [*] crores (public offer) comprising a fresh issue of upto 42,61,000 equity shares aggregating to [*] crores (the fresh issue) and an offer for sale of up 8,97,000 equity shares by Hirenbhai Mansukhlal Sanghani, Jaydeep Rameshbhai Sanghani, Parag Rameshchandra Sanghani, Mayank Rasikbhai Sanghani, Mukesh Dhanjibhai Sanghani, Rameshchandra Sanghani, and Shitalben Mukeshbhai Sanghani, (collectively referred to as the selling shareholders) aggregating to Rs. [*] crores (offer for sale) out of which [*] equity shares of face value of Rs. 10/- each for an offer price of Rs. [*] /- per equity share for cash including a share premium of Rs. [*] per equity share aggregating to Rs. [*] crores will be reserved for subscription by market maker market maker reservation portion. The offer less the market maker reservation portion i.e. offer of upto [*] equity shares of face value of Rs. 10/- each at an offer price of Rs.[*] /- per equity share aggregating to Rs.[*] crores (is hereinafter referred to as the net offer). The offer and the net offer will constitute [*] % and [*] %, respectively of the post offer 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

Funding the working capital requirements of the Company. Funding the Capital Expenditure requirements towards Purchase of Plant and Machinery for Expansion of Manufacturing Capacity. Funding the Capital Expenditure requirements towards Purchase of Plant and Machinery for Enhancement of Production. General corporate purposes.

Sunrise Middle East Turn Tech Ltd Contact Details

Sunrise Middle East Turn Tech Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - compliance@sunrisemiddleeast.com

Website - www.sunrisemiddleeast.com