Super Iron Foundry Ltd - IPO

Super Iron Foundry Ltd IPO Details

Initial public offer of upto 63,01,200 equity shares of face value of Rs. 10 each (Equity Shares) of the company at an offer price of Rs. 108 per equity share (including a share premium of Rs. 98 per equity share) for cash, aggregating up to Rs. 68.05 crores (public offer) out of which 3,15,600 equity shares of face value of Rs. 10 each, at an offer price of Rs. 108 per equity share for cash, aggregating Rs. 3.41 crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The public issue less market maker reservation portion i.e. issue of 59,85,600 equity shares of face value of Rs.10 each, at an issue price of Rs. 108 per equity share for cash, aggregating up to Rs. 64.64 crores is hereinafter referred to as the net issue. The public issue and net issue will constitute 26.94% and 25.59% respectively of the post-issue paid-up equity share capital of the company.The face value of the equity share is Rs.10/- and the offer price is 10.8 times of the face value.

Objective of issue

Funding of working capital requirements of the company. Repayment/pre-payment in full or in part of certain borrowings availed by the company. General corporate purposes.

Super Iron Foundry Ltd Contact Details

Super Iron Foundry Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@superironfoundry.com

Website - www.superironfoundry.com