| 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 : 2000.0 Further Multiples of : 2000.0 | ||
|---|---|---|
| (₹)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 |
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| 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 |
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| Sunil Raisoni |
| Riaan Diagonistic Pvt Ltd |
| Listing At |
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| NSE - SME |
| Registrar to the Issue |
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