Sirca Paints India Ltd - IPO

Sirca Paints India Ltd IPO Details

Public issue of fresh issue of 48,69,600* equity shares of face value of Rs.10/- each fully paid up for cash at a price of Rs. 160 /- per equityShare (the issue price) (including a share premium of Rs. 150 per equity shares) aggregating to Rs. 77.91 Crores (the issue), of which 2,44,000 equity shares of face value of Rs.10/- each for cash at a price of Rs. 160 per equity share aggregating Rs. 3.90 Crores will be reserved for subscription by market makers to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of46,25,600 equity shares of face value of Rs.10/- each for cash at a price of Rs. 160/- per equity share, aggregating Rs. 74.01 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.65% and 25.32%, respectively of the post issue paid up equity share capital of the company.The face value of equity shares is Rs.10 each.The issue price is Rs.160 and is 16 times the face value of equity shares.

Objective of issue

To Finance the expenditure of Site Development & Purchase of Plant & Machinery. To part finance incremental Working Capital requirements of the company. To part finance incremental Working Capital requirements of the company. To part finance incremental Working Capital Requirements of the company. To part finance incremental Working Capital Requirements of the company. General Corporate Purposes. General Corporate Purposes. General corporate purpose. General corporate purpose.

Sirca Paints India Ltd Contact Details

Sirca Paints India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - admin@sircapaints.com

Website - www.sircapaints.com