Public issue of 4341195 equity shares of Rs. 10/- each at a price of Rs. 85/- per equity share (including a premium of Rs. 75/- per equity share) for cash aggregating upto Rs. 36.90 crores (The "Issue"), by Sanghvi Forging and Engineering Limited (The "Company" or The "Issuer"). The issue will constitute 34.2% of the fully diluted post issue paid-up capital of the company.
Issue price: Rs. 85 per equity share of face value of Rs. 10 each
The issue price is 8.5 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
04-May-2011
09-May-2011
₹ 85.00
₹ 0.00
Minimum Application for shares in Nos : 70.0
Further Multiples of : 70.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
120.39
Arihant Capital Markets Ltd
Project Financed through Current Offer
36.90
Post Issue Equity Share Capital
12.69
Issue Price
₹85.00
Projects
To part finance new project- Open die forging unit