Saini Alloys Ltd - IPO

Saini Alloys Ltd IPO Details

Public issue of 20,67,000 equity shares of face value of Rs. 10/- each fully paid up of Saini Alloys Limited (saini or sal or the company or the issuer) for cash at a price of Rs. 50/- per equity share (the issue price) (including share premium of Rs. 40/- per equity share) aggregating Rs. 10.34 Crores (the issue) by the company, of which 1,11,000 equity shares of face value of Rs. 10/- each fully paid up will be reserved for subscription by market maker to the issue (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 19,56,000 equity shares of face value of Rs. 10/- each fully paid up is hereinafter referred to as the net issue. The issue and the net issue will constitute 30.00% and 28.39% 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. 50The issue price is 5 times the face value.

Objective of issue

Working Capital Requirement including Margin Money.

Saini Alloys Ltd Contact Details

Saini Alloys Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - compliance@sainialloys.com

Website - www.sainialloys.com