Public issue of upto 64,67,200 equity shares of face value of Rs. 10 each ("equity shares") of Sarveshwar Foods Limited ("company" or "issuer") for cash at a price of Rs. 85 per equity share (including a share premium of Rs. 75 per equity share) aggregating up to Rs. 54.97 crores. The issue comprises of upto 3,24,800 equity shares of face value Rs. 10 each for cash at a price of Rs. 85 per equity share, aggregating up to Rs. 2.76 crores which 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 upto 61,42,400 equity shares of face value of Rs. 10 each for cash at a price of Rs. 85 per equity share, aggregating up to Rs. 52.21 crores is hereinafter refered to as the "net issue". The issue and the net issue will constitute 26.32% and 25% respectively of the post issue paid-up equity share capital of the company.
Issue Price: Rs.85 per equity share. The face value of equity share is Rs.10 each and issue price of Rs.85 is 8.5 times of face value of equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
05-Mar-2018
07-Mar-2018
₹ 85.00
₹ 0.00
Minimum Application for shares in Nos : 1600.0
Further Multiples of : 1600.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
54.97
Asit C Mehta Investment Intermediates Ltd
Project Financed through Current Offer
54.97
Post Issue Equity Share Capital
24.57
Issue Price
₹85.00
Projects
Part finance the long term working capital requirement
Investment in the subsidiary Himalayan Bio Organics Pvt Ltd