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IPO

IPO Details


Shrenik Ltd
Registered Office: 505-508 TEN/11, Beside Mardia Plaza CG Road, Ahmedabad - 380009, Gujarat
Phone: 91-79-26440303-0505
Email: cs@shrenik.co.in
Website:
Initial public issue of 54,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Shrenik Limited (The Company ot The Issuer) for cash at a price of Rs. 40 per equity share, including a share premium of Rs. 30 per equity share (The Issue Price), aggregating Rs. 21.60 crores (The Issue), of which upto 2,88,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 40 per equity share, aggregating Rs. 1.15 crores will be reserved for subscription by the market maker to the issue (The Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 51,12,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 40 per equity share, aggregating Rs. 20.45 crores is hereinafter refered to as the Net Issue. The issue and the net issue will constitute 26.47% and 25.06% respectively of the fully diluted 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 of Rs. 40 is 4 times of the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
06-Jul-2017 10-Jul-2017 ₹ 40.00 ₹ 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
(₹)Cr. Lead Managers to the Issue
Project Cost 21.60 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 21.60
Post Issue Equity Share Capital 20.40
Issue Price ₹40.00
Projects
Working capital requirements
General corporate purpose
Promoted By
Shrenikbhai Vimawala
Rishit Vimawala
Listing At
NSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd

INDIAN INDICES

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84,544.31 1,359.51 (1.63%)

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