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Date:29-Mar-2024 Time: 1:49 PM |
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Prospectus Synopsis |
Sitaram India Ltd
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Registered Office:
F 226 227 G 228 229 IVth Phase
,
RIICO Industrial Area
,
Bhilwara
-
311001
,
Rajasthan
, India.
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Phone:91-1482-260385/260386 Fax:91-1482-260382
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Email:
cs@sitaramindia.com
Website:
www.sitaramindia.com
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Public issue of 27,00,000 equity shares of face value of Rs. 10.00 each of Sitaram India Limited ("The company" or "the issuer") for cash at a price of Rs. 22.00 per equity share (including a share premium of Rs. 12.00 per equity share) ("issue price") aggregating to Rs. 5.94 crores ("the issue"), of which 1,44,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 22.00 per equity share, aggregating to Rs. 0.32 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 25,56,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 22.00 per equity share aggregating to Rs. 5.62 crores (the "net issue"). The issue and the net issue will Constitute 26.47% and 25.06%, respectively of the post issue paid up equity share capital of the company.
The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 22.00. The issue price is 2.20 times of the face value.
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Issue |
Money Payable On |
Opens On |
Closes On |
Application |
Allotment |
NA |
NA |
Rs
22.00-0.00
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Rs
0.00-0.00
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Minimum Application for shares in Nos :
6000
Further Multiples of :
6000
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Rs Cr |
Lead Managers to the Issue |
Project Cost |
5.58 |
Hem Securities Ltd |
Project Financed through Current Offer |
5.94 |
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Post Issue Equity Share Capital |
10.20 |
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Issue Price |
Rs.
22.00
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Projects |
To meet working capital requirement
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