| Srivasavi Adhesive Tapes Ltd |
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| Registered Office: No. B 100 KSSIDC Industrial, Estate Doddaballapura, Bangalore - 561203, Karnataka |
| Phone: 91-080-23629383 |
| Email: investors@vasavitapes.com |
| Website: www.vasavitapes.com |
| Initial public offering of 37,80,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Srivasavi Adhesive Tapes Limited ("Srivasavi" or "The Company" or "The Issuer") for cash at a price of Rs. 41/- per equity share (including a premium of Rs. 31/- per equity share) ("Issue Price") aggregating Rs. 15.50 crores ("The Issue") of which 1,92,000 equity shares aggregating to Rs. 0.79 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 35,88,000 equity shares of face value of Rs. 10/- each at an issue price of Rs.41/- per equity share aggregating to Rs. 14.71 crores ("Net Issue"). The issue and the net issue will constitute 26.67% and 25.31% of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is 4.1 times of the face value. Minimum application size of 3000 equity shares and in multiples of 3000 equity shares thereafter. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | Allotment |
| 23-Feb-2023 | 28-Feb-2023 | ₹ 41.00 | ₹ 0.00 |
| Minimum Application for shares in Nos : 3000.0 Further Multiples of : 3000.0 | ||
|---|---|---|
| (₹)Cr. | Lead Managers to the Issue | |
| Project Cost | 13.94 | Shreni Shares Pvt Ltd |
| Project Financed through Current Offer | 15.50 | |
| Post Issue Equity Share Capital | 14.17 | |
| Issue Price | ₹41.00 | |
| Projects |
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| Funding working capital requirements |
| General corporate purposes |
| Promoted By |
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| D N Anilkumara |
| Ashwini D A |
| Listing At |
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| NSE - SME |
| Registrar to the Issue |
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