Shanti Overseas (India) Ltd - IPO

Shanti Overseas (India) Ltd IPO Details

Initial public issue of 20,04,000 equity shares of face value of Rs. 10 each (equity shares) of Shanti Overseas (India) Limited (company or issuer) for cash at a price of Rs.50 per equity share (including a share premium of Rs.40 per equity share) (issue price) aggregating to Rs.10.02 crores (issue ) of which 1,38,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs.50 per equity share, aggregating to Rs.0.69 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 18,66,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs.50 per equity share aggregating to 9.33 crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 27.07% and 25.20%, 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 is Rs.50 each. The issue price is 5.0 times of the face value.

Objective of issue

To purchase machineries for the proposed soyabean processing Plant at Dhannad. To make investment in subsidiary company, Shaan Agro Oils & Extractions Pvt Ltd. To meet general corporate expenses.

Shanti Overseas (India) Ltd Contact Details

Shanti Overseas (India) Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - mail@shantioverseas.com

Website - www.shantioverseas.com