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IPO Synopsis

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IPO

Ushanti Colour Chem Ltd
  • Registered Office: 88/5 GIDC Phase-I,Vatva, Ahmedabad - 382445, Gujarat, India. Phone : 91-079-25833315   Fax:
  • Email : admin@ushanti.com
  • Website :www.ushanti.com
Initial public offer consisiting of fresh issue of upto 19.26.000 equity shares of face value of Rs.10 each filly paid cash at a price of Rs. 60/- per equity share (including a share premium of Rs. 50 per equity share) (the issue price) aggregating upto Rs. 11.56 Crores ("the issue") of which 98,000 equity' shares of face value Rs.10 each for cash at a price of Rs. 60/- per equity aggregating Rs. 0.59 Crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The issue less market maker reseravation portion i.e. Issue 18,28,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 60 per equity share aggregating Rs. 10.97 crores is hereinafter refered to as the "net issue". The issue and the net issue will constitute 26.38% and 25.04%, respectively of the fully diluted 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 of Rs. 60/- is 6 times of the face value of the equity shares.
Issue
Opens On Closes On
23-Jul-18 25-Jul-18
Money Payable On
Application Allotment
60.00 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
Cr Lead Managers to the Issue
Project Cost (.Cr) 11.56 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 11.56  
Post Issue Equity Share Capital (.Cr) 7.30
Issue Price () 60.00
Projects
To Finance settiing up of Vinyl Sulphone manufacturing facility at GIDC Saykha Industrial Estate Bharuch
Repayment/Pre-payment of certain secured borrowings availed by the company
General Corporate purposes
Promoted By
Maunal Shantilal Gandhi
Minku Shantilal Gandhi
Listing At
NSE - SME
Registrar to the Issue
No Data Available