Shanti Educational Initiatives Ltd - IPO

Shanti Educational Initiatives Ltd IPO Details

Public issue of 44,00,000 equity shares of Rs. 10 each (equity shares) of Shanti Educational Initiatives Limited (SEIL or the company or the issuer) for cash at a price of Rs. 90 per share (the issue price), aggregating to Rs. 39.60 crores (the issue) consisting of an offer for sale of 36,00,000 equity shares by the selling shareholders aggregating to Rs. 32.40 crores and fresh issue of 8,00,000 equity shares aggregating to Rs. 7.20 crores, of which, 2,40,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 41,60,000 equity shares of Rs. 10 each is hereinafter referred to as the net issue. The issue and the net issue will constitute 27.33% and 25.84%, respectively of the 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. 90 is 9.0 times of the face value.

Objective of issue

Construction of School Building. General Corporate Expenses.

Shanti Educational Initiatives Ltd Contact Details

Shanti Educational Initiatives Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - info@seil.edu.in

Website - www.sei.edu.in