Shreeoswal Seeds & Chemicals Ltd - IPO

Shreeoswal Seeds & Chemicals Ltd IPO Details

Initial public offer consisting of fresh issue of 45,76,000 equity shares of face value of Rs.10 each fully paid for cash at a price of Rs. 26 per equity share (The Issue Price) (including a share premium of Rs. 16 per equity share) aggregating Rs. 11.90 crores (The Issue), of which 2,32,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 26/- per equity share, aggregating Rs. 0.60 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 43,44,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 26/- per equity share, aggregating Rs. 11.30 crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 30.02% and 28.49% respectively of the fully diluted post issue paid up equity share capital of the company.Issue price: Rs.26 per equity share.The face value of equity shares is Rs.10 and the issue price of Rs.26 is 2.6 times of the face value of equity shares.

Objective of issue

Purchase of New Plant & Machinery. Funding the working capital requirements of the company. General corporate purpose.

Shreeoswal Seeds & Chemicals Ltd Contact Details

Shreeoswal Seeds & Chemicals Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@oswalseeds.com

Website - www.oswalseeds.com