Business Standard

Suratwwala Business Group Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

6.90 cr

Price Range (₹)

15

Lot Size

8000

Min Investment (₹)

1,20,000.00

Listing Exchange

BSE - SME

Open Date

03-Aug-2020

Close Date

05-Aug-2020

Listing Date

13-Aug-2020

Suratwwala Business Group Ltd News

    The Shares of Suratwwala Business Group Ltd have now been listed.

    Suratwwala Business Group Ltd IPO Details

    Initial Public Offer of 46,00,000 Equity Shares of face value of Rs. 10 each (the Equity Shares) of Suratwwala Business Group Limited (the company or sbgl or the issuer) at an issue price of Rs. 15 per Equity Share for cash, aggregating up to Rs. 6.9 Crores (public issue) out of which 240000 Equity Shares of face value of Rs. 10 each, at an issue price of Rs. 15 per equity Share for cash, aggregating Rs. 0.36 Crores will be reserved for subscription by the market maker to the issue (the market Maker reservation portion). The public issue less market maker reservation portion i.e. Issue of 4360000 Equity Shares of face value of Rs. 10 each, at an issue price of Rs. 15 per Equity Share for cash, aggregating upto Rs. 6.54 Crores is herein after referred to as the net issue. The public issue and net issue will constitute 26.53% and 25.49% respectively of the post issue paid-up Equity Share capital of the company.The face value of equity shares 1.5 times of the equity shares.

    Objective of issue

    To Meet Working Capital Requirements. General Corporate Purpose.

    Suratwwala Business Group Ltd Contact Details

    Suratwwala Business Group Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - cs@suratwwala.co.in

    Website - www.suratwwala.co.in