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IPO Synopsis

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IPO

Sirca Paints India Ltd
Public issue of fresh issue of 48,69,600* equity shares of face value of Rs.10/- each fully paid up for cash at a price of Rs. 160 /- per equity Share (the "issue price") (including a share premium of Rs. 150 per equity shares) aggregating to Rs. 77.91 Crores ("the issue"), of which 2,44,000 equity shares of face value of Rs.10/- each for cash at a price of Rs. 160 per equity share aggregating Rs. 3.90 Crores will be reserved for subscription by market makers to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 46,25,600 equity shares of face value of Rs.10/- each for cash at a price of Rs. 160/- per equity share, aggregating Rs. 74.01 Crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 26.65% and 25.32%, respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs.10 each. The issue price is Rs.160 and is 16 times the face value of equity shares.
Issue
Opens On Closes On
16-May-18 22-May-18
Money Payable On
Application Allotment
160.00 0.00
Minimum Application for shares in Nos : 800 Further Multiples of : 800
Cr Lead Managers to the Issue
Project Cost (.Cr) 77.91 Navigant Corporate Advisors Ltd
Project Financed through Current Offer (.Cr) 77.91  
Post Issue Equity Share Capital (.Cr) 18.27
Issue Price () 160.00
Projects
To Finance the expenditure of Site Development & Purchase of Plant & Machinery
To part finance incremental Working Capital Requirements of the company
General Corporate Purposes
To Finance the expenditure of Site Development & Purchase of Plant & Machinery
To part finance incremental Working Capital requirements of the company
General corporate purpose
Promoted By
Sanjay Agarwal
Apoorv Agarwal
Gurjit Singh Bains
Sanjay Agarwal
Apoorv Agarwal
Gurjit Singh Bains
Listing At
NSE - SME
NSE - SME
Registrar to the Issue
No Data Available