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22 October 2019

IPO Synopsis

Salasar Exteriors & Contour Ltd
Registered Office: A-922/923 Corporate Avenue,Sonawala Road UN Bhuvan Gor(E) , Mumbai - 400063 , Maharashtra , India.
Phone : 91-22-67083366   Fax:
Email :  account@salasarexteriors.com  
Website :  www.salasarexterio.com
Public Issue of 23,60,000 Equity Shares of face value of (Rs)10 each of Salasar Exteriors & Contour Limited (the "company" or the "issuer") for cash at a price of (Rs)36 per equity share including a share premium of (Rs)26 per equity share (the "issue price") aggregating to (Rs)8.50 Crores ("the issue"), of which 1,20,000 equity shares of face value of (Rs)10 each for cash at a price of (Rs)36 per equity share including a share premium of (Rs)26 per equity share aggregating to (Rs)0.43 Crores will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). Theissue less the market maker reservation portion i.e. Net issue of 22,40,000 equity shares of face value of (Rs)10 each at a price of (Rs)36 per equity share aggregating to (Rs)8.07 Crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 28.66 % and 27.20% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs)10 each and the issue price is 3.6 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
28-Aug-19 03-Sep-19 (Rs)36.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  (Rs Cr) Lead Managers to the Issue
Project Cost 8.50
Navigant Corporate Advisors Ltd
Project Financed through Current Offer 8.50  
Post Issue Equity Share Capital 8.23  
Issue Price (Rs)36.00  
 
Projects
To Meet Working Capital RequirementsGeneral Corporate Expenses
Promoted By
Shreekishan Joshi  
Videh Shreekishan Joshi  
Listing At
NSE - SME 
Registrar to the Issue
Karvy Fintech Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS