Sun Retail Ltd - IPO

Sun Retail Ltd IPO Details

Public issue of 43,98,000 equity shares of face value of Rs. 10/- each of Sun Retail Limited (SRL or The Company or The Issuer) for cash at a price of Rs. 23 per equity share including a share premium of Rs. 13 per equity share (The Issue Price) aggregating to Rs. 10.12 crores (The Issue), of which 3,66.000 equity shares of face value of Rs. 10 - for cash at a price of Rs. 23 per equity share including a share premium of Rs. 13 per equity share aggregating to Rs. 0.84 crores well be reserved for subscription by market maker to the issue (The Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Net issue of 40,32,000 equity shares of face value of Rs. 10/- each at a price of Rs. 23 per equity share aggregating to Rs. 9.27 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 45.35% and 41.58%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity share is Rs. 10 each and the issue price Rs. 23 is 2.3 times of the face value of the equity shares

Objective of issue

Incremental Working capital requirements. General corporate purpose.

Sun Retail Ltd Contact Details

Sun Retail Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - sun_retail@yahoo.com

Website - www.sunretail.in