Scarnose International Ltd - IPO

Scarnose International Ltd IPO Details

Initial public offer of 12,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Scarnose International Limited (the Company or the Issuer) for cash at a price of Rs. 55 per equity share, including a share premium of Rs. 45 per equity share (the Issue Price), aggregating to Rs. 6.60 crores (The Issue), of which 60,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 55 per equity share, aggregating to Rs. 0.33 crores will be reserved for subscriptions by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 11,40,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 55 per equity share, aggregating to Rs. 6.27 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 38.09% and 36.19% respectively of the post issue paidup equity share capital of the company. The face value of the equity share is Rs. 10 each and the issue price is Rs. 55/- each i.e., 5.5 times of the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.

Objective of issue

To meet the working capital requirements. To meet the repayment of Unsecured Loan. General corporate purposes.

Scarnose International Ltd Contact Details

Scarnose International Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - compliance@scarnose.com

Website - www.scarnose.com