Solar Industries India Ltd - IPO

Solar Industries India Ltd IPO Details

Public Issue of 44,00,000 equity shares of Rs. 10/- each for cash at a price of Rs.190 per equity share aggregating to Rs.83.60 crores (hereinafter referred to as the Issue) by Solar Explosives Limited (the Company or the Issuer). The face value of the equity shares is Rs. 10 each. The issue includes a reservation of 60,000 equity shares for subscription by eligible employees of the company. The net issue to the public shall be 43,40,000 equity shares. The net issue would constitute 25.05% of the fully dilutedpost issue paid-up capital of the Company.Issue price is Rs.190 per Equity Share of Face Value Rs.10/- each Issue price 19 times of the face value

Objective of issue

Expansion proj. for manu. Bulk Explosives in India. Expansion proj. for manu. Bulk Expls. etc Overseas. To meet the margin requirement for working capital.

Solar Industries India Ltd Contact Details

Solar Industries India Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - solar@solargroup.com

Website - www.solargroup.com