Business Standard

Suyog Gurbaxani Funicular Ropeways Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

29.50 cr

Price Range (₹)

45

Lot Size

3000

Min Investment (₹)

1,35,000.00

Listing Exchange

BSE - SME

Open Date

01-Nov-2021

Close Date

08-Nov-2021

Listing Date

16-Nov-2021

Suyog Gurbaxani Funicular Ropeways Ltd News

    The Shares of Suyog Gurbaxani Funicular Ropeways Ltd have now been listed.

    Suyog Gurbaxani Funicular Ropeways Ltd IPO Details

    Public offer of 65,55,000 equity shares of Rs. 10 each (Equity Shares) of Suyog Gurbaxani Funicular Ropeways Limited (SGFRL or The Company) for cash at a price of Rs. 45 per share (The Offer Price), aggregating to Rs. 29.50 crores (The Offer), consisting of fresh issue of 15,00,000 equity shares aggregating Rs. 6.75 crores (TheFresh Issue) and an offer for sale of 50,55,000 equity shares aggregating Rs. 22.75 crores comprising of 20,18,600 equity shares by Mr. Shivshankar Lature, 9,00,000 equity shares by Mr. Rajkumar Gurbaxani, 8,98,516 equity shares by Mr. Omprakash Gurbaxani (the promoter selling shareholders) 3,25,000 equity shares by MS. Subhshita Lature, 3,25,000 equity shares by Mr. Suyash Lature, 1,78,000 equity shares by Mrs. Jyoti Gurbaxani, 1,78,000 equity shares by Mrs. Veenu Gurbaxani, 1,11,884 equity shares by Mrs. Suchitra Lature, 60,000 equity shares by R D Gurbaxani HUF and 60,000 equity shares by O D Gurbaxani HUF (the promoter group selling shareholders) (the promoter selling shareholders and promoter group selling shareholders, collectively referred as Selling Shareholders and such offer for sale by the selling shareholders, the Offer for Sale) of which 3,33,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of 62,22,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Offer. The offer and the net offer will constitute 26.37% and 25.03%, respectively of the post offer paid up equity share capital of the company The Face Value of the equity shares is Rs. 10/- each.The offer price is 4.5 times of the face value.

    Objective of issue

    Repayment of loans. General Corporate Purposes.

    Suyog Gurbaxani Funicular Ropeways Ltd Contact Details

    Suyog Gurbaxani Funicular Ropeways Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - investor@sgfrl.com

    Website - www.sgfrl.com