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IPO

IPO Details


Shradha Infraprojects Ltd
Registered Office: Shradha House Kingsway BlockNo, F/8 Near Shri Mohini Complex, Nagpur - 440001, Maharashtra
Phone: 91-712-6617181
Email: shradhainfra@gmail.com
Website: www.shradhainfra.in
Public issue of 27,04,000 equity shares of Rs. 10 each (equity shares) of Shradha Infraprojects (Nagpur) Limited (SINL or the company) for cash at a price of Rs. 70 per share (the issue price), aggregating to Rs. 18.93 Crores (the issue), Consisting of fresh issue of 21,32,000 equity shares aggregating to Rs. 14.92 Crores and an offer for sale of 5,72,000 equity shares by the selling shareholder aggregating to Rs. 4.01 Crores (offer for sale), of which 1,44,000 equity shares of Rs. 10 each will 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. Issue of 25,60,000 equity shares of Rs.10 each is hereinafter referred to as the net issue. The issue and the net issue will constitute 28.04% and 26.55%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is Rs. 70 The issue price is 7.0 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
27-Nov-2017 30-Nov-2017 ₹ 70.00 ₹ 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(₹)Cr. Lead Managers to the Issue
Project Cost 14.92 Aryaman Financial Services Ltd
Project Financed through Current Offer 18.93
Post Issue Equity Share Capital 9.64
Issue Price ₹70.00
Projects
Investment in Suntech Infraestate Nagpur Pvt Ltd to part finance the construction and development of Residential and commercial project Victoria II
Acquisition of Land or Land Development Rights
General Corporate Purposes
Promoted By
Sunil Raisoni
Riaan Diagonistic Pvt Ltd
Listing At
NSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

INDIAN INDICES

Sensex

84,544.31 1,359.51 (1.63%)

Nifty

25,790.95 375.15 (1.48%)

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