Sheetal Cool Products Ltd - IPO

Sheetal Cool Products Ltd IPO Details

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.

Objective of issue

To purchase additional plant & machineries at the existing manufacturing facility. Funding of working capital requirements of the company. General corporate expenses.

Sheetal Cool Products Ltd Contact Details

Sheetal Cool Products Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@sheetalicecream.com

Website - www.scplco.com