SKP Bearing Industries Ltd IPO |
Registered Office:
Survey No 2127 Mulchand Road,Wadhwan
,
Surendranagar
-
363030
,
Gujarat
, India.
Phone :
91-98242 31243 Fax:
Email : info@skpbearings.com
Website : www.skpbearings.com
|
| Initial public offering of 44,00,000 equity shares of face value of (Rs)10 each ("Equity Shares") of SKP Bearing Industries Limited ("SKP" or "The Company" or "The Issuer") for cash at a price of (Rs)70 per equity share (including a premium of (Rs)60 per equity share) ("Offer Price") aggregating (Rs)30.80 crores comprising of fresh offer of 16,00,000 equity shares aggregating to (Rs)11.20 crores ("Fresh Offer") and an offer for sale of 28,00,000 equity shares by Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar ("Selling Shareholders") aggregating to (Rs)19.60 crores ("Offer for Sale") ("The Offer") of which 2,20,000 equity shares aggregating to (Rs)1.54 crores will be reserved for subscription by market maker ("Mmarket Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 41,80,000 equity shares of face value of (Rs)10 each at an offer price of (Rs)70 per equity share aggregating to (Rs)29.26 crores ("Net Offer"). The offer and the net offer will constitute 26.51% and 25.18% of the post-offer paid-up equity share capital of the company.
The face value of the equity shares is (Rs)10 each and the offer price is 7 times of the face value.
|
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 30-Jun-22 |
05-Jul-22 |
(Rs)70.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :2000 Further Multiples of :2000 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
10.95 |
|
| Project Financed through Current Offer |
30.80 |
|
| Post Issue Equity Share Capital |
16.60 |
|
| Issue Price |
(Rs)70.00 |
|
|