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16 December 2017

IPO Synopsis

Sheetal Cool Products Ltd
Registered Office: GIDC Plot No. 78 79 80, , Amreli - 365601 , Gujarat , India.
Phone : 91-279-2240501   Fax:
Email :  cssheetal9@gmail.com  
Website :  www.sheetalicecream.com
Public issue of 30,00,000 equity shares of a face value of (Rs)10/- each (the "equity shares") of Sheetal Cool Products Limited ("The Company" or "SCPL" or "The Issuer") for cash at a price of (Rs)80/- per equity share (including a share premium of (Rs)70.00 per equity share) ("issue price") aggregating to (Rs)24.00 crores ("the issue") of which 1,68,000 equity shares aggregating to (Rs)1.34 crores will be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 28,32,000 equity shares of face value of (Rs)10.00 each at an issue price of (Rs)80.00 per equity share aggregating to (Rs)22.66 crores is herein after referred to as the "net issue". The issue and the net issue will constitute 28.57% and 26.97%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10 each. The issue price is (Rs)80 and the issue price is 8 times the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
16-Oct-17 18-Oct-17 (Rs)80.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  (Rs Cr) Lead Managers to the Issue
Project Cost 24.00
Guiness Corporate Advisors Pvt Ltd
Project Financed through Current Offer 24.00  
Post Issue Equity Share Capital 10.50  
Issue Price (Rs)80.00  
 
Projects
To purchase additional plant & machineries at the existing manufacturing facilityGeneral corporate expenses
Funding of working capital requirements of the company
Promoted By
Bhupatbhai D Bhuva  
Dinesh Kumar D Bhuva  
Sanjay D Bhuva  
Listing At
BSE - SME 
Registrar to the Issue
Karvy Computershare Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS