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 diluted
post 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
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
09-Mar-2006
13-Mar-2006
₹ 190.00
₹ 0.00
Minimum Application for shares in Nos : 30.0
Further Multiples of : 30.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
76.38
SBI Capital Markets Ltd
Project Financed through Current Offer
83.60
Post Issue Equity Share Capital
17.32
Issue Price
₹190.00
Projects
Expansion proj. for manu. Bulk Explosives in India
Expansion proj. for manu. Bulk Expls. etc Overseas
To meet the margin requirement for working capital