Shanti Spintex Ltd - IPO

Shanti Spintex Ltd IPO Details

Initial public offer of upto 44,64,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Shanti Spintex Limited (The Company or SSL or The Offerr) at an offer price of Rs. 70/- per equity share for cash, aggregating up to Rs. 31.25 crores (Public Offer) comprising of a fresh issue of upto 26,88,000 equity shares aggregating to Rs. 18.82 crores (the Fresh Issue) and an offer for sale of upto 17,76,000 equity shares by the selling shareholders (Offer for Sale) aggregating to Rs. 12.43 crores comprising; up to 10,84,000 equity shares aggregating upto Rs. 7.59 crores by Vineeta V. Chiripal and upto 6,92,000 equity shares aggregating up to Rs. 4.84 crores by Chiripal Exim llp (collectively refferd as Selling Shareholders) out of which 2,24,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 70/- per equity share for cash, aggregating Rs. 1.57 crores will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e. offer of 42,40,000 equity shares of face value of Rs. 10 each, at an offer price of Rs. 70/- per equity share for cash, aggregating upto Rs. 29.68 crores is herein after referred to as the Net Offer. The public offer and net offer will constitute 26.43% and 25.11% respectively of the post-offer paid-up equity share capital of the company.*Subject to finalization of basis of allotmentThe face value of the equity shares is Rs. 10/- each. the issue price is 7.00 times with the face value of the equity shares. The anchor investor issue price is Rs. 70 per equity share.

Objective of issue

To meet working capital requirements. General corporate purposes.

Shanti Spintex Ltd Contact Details

Shanti Spintex Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@shantispintex.com

Website - www.shantispintex.com