Issue of 62,27,860 equity shares of Rs. 10/- each at a price of Rs.35/- per equity share (including a Premium of Rs.25/-per Equity Share) of Somi Conveyor Beltings Ltd for cash aggregating to Rs.21.80 Crores ("issue"). The issue comprises of contribution by promoters, of 14,99,286 equity shares of Rs. 10/- each at a price of Rs.35 per equity share for cash aggregating to Rs.5.25 Crores ("promoter's contribution portion"), and the net issue to the public of 47,28,574 equity shares of Rs. 10/- each at a price of Rs.35/- per equity share for cash aggregating to Rs.16.55 Crores ("net issue to public") including an allocation of atleast 10% of the net issue to the public to Aualified Institutional Buyers ("QIB Portion"). The net issue to public would constitute 40% of the fully diluted post issue paid up capital of the company.
The issue price is 3.5 times of the face value of the equity share.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
24-Jun-2008
27-Jun-2008
₹ 35.00
₹ 0.00
Minimum Application for shares in Nos : 200.0
Further Multiples of : 200.0