Shashijit Infraprojects Ltd - IPO

Shashijit Infraprojects Ltd IPO Details

Public issue of 23,28,000 shares of face value Rs.10 each (equity shares) of Shahhijit Infraprojects Ltd (the company or the issuer for cash at a price of Rs. 15 per equity shares, including a security premium of Rs. 5 per equity share (the issue price), aggregating Rs. 3.49 crores (the issue), of which 1,20,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 15 per equity share, aggregating Rs 0.18 crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. issue of 22,08,000 equity shares of face value of Rs. 10 each for cash at a price of Rs.15 per equity share, aggregating Rs. 3.31 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 27.01% % 25.61% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10 each andThe issue price of Rs. 15 is 1.5 times of the face value of the equity shares.

Objective of issue

Purchase of Machinery & Scaffolding Equipments. Loan Repayment. Working Capital Requirements. General Corporate Purposes.

Shashijit Infraprojects Ltd Contact Details

Shashijit Infraprojects Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - investors@shashijitinfraprojects.com

Website - www.shashijitinfraprojects.com