Sure Safety India Ltd - IPO

Sure Safety India Ltd IPO Details

Public issue of 18,16,000 equity shares of face value of Rs. 10/- each (equity shares) of Sure Safety (India) Limited (the company or the issure) for cash at a price Rs. 80/- per equity share (including a share premium of Rs. 70/- per equity share) (issue price) aggregating to Rs. 14.53 Crores (the issue), of which 91,200 equity shares of face value of Rs. 10/- each for a cash price of Rs. 80/- per equity share, aggregating to Rs. 0.73 Crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 17,24,800 equity shares of face value of Rs. 10/- each at an issue price of Rs. 80/- per equity share aggregating to Rs. 13.80 Crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 26.53% and 25.19%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 80/-. The issue price is 8.00 times of the face value.

Objective of issue

Purchase of Machinery, Moulds & Tools, R & D. Distribution, Packing & Testing Centre. Working Capital Requirement. General Corporate Purposes.

Sure Safety India Ltd Contact Details

Sure Safety India Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - companysecretary@suresafety.com

Website - www.suresafety.com