Shanti Guru Industries Ltd - IPO

Shanti Guru Industries Ltd IPO Details

Public issue of 57,95,000 equity shares of Rs. 10/- each (Equity Shares) of RCL Retail Limited (RCL or The Company or The Issuer) for cash at a price of Rs. 10/- per share (The Issue Price), aggregating to Rs. 5.80 crores (The Issue). The issue comprises promoter's contribution of 21,05,000 equity shares of Rs. 10 each at a price of Rs. 10 each per equity share aggregating to Rs. 2.11 crores (Promoter's Contribution) and 6,15,000 equity shares of Rs. 10 each at a price of Rs. 10 each per equity share aggregating to Rs. 0.62 crores, which will be reserved for subscription by market makers to the issue (The Market Maker Reservation Portion) and Net Issue to the public of 30,75,000 equity shares of Rs. 10 each at a price of Rs. 10 each per equity share aggregating to Rs. 3.08 crores (hereinafter referred to as the Net Issue). The Issue will constitute 47.11% of the post issue paid up equity share capital of the company and the net issue will constitute 25.00%, of the post issue paid up equity share capital of the company.The Face value of the equity share is Rs. 10/- each and the issue price is 1 (One) time or at par of the face value.

Objective of issue

Setting up of 8 new retail outlets. Setting up a food grain Processing Unit. Strengthen Supply Chain Management. General corporate purposes.

Shanti Guru Industries Ltd Contact Details

Shanti Guru Industries Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - rclretail@gmail.com

Website - www.rclretail.com