Siddhi Cotspin Ltd - IPO

Siddhi Cotspin Ltd IPO Details

Initial public offer of upto 6468000 equity shares of face value of Rs. 10/- each of Siddhi Cotspin Limited (SCL or the Company or the Offer) for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share (the Offer Price) aggregating to Rs. [*] crores (The Offer) comprising of a fresh issue upto 4944000 equity shares aggregating to Rs. [*]/- crores (the Fresh Issue) and an offer for sale of upto 1524000 equity shares by promoter selling shareholder- Navin Saraogi and selling shareholder - Vineeta Vishal Chiripal aggregating to Rs. [*]/- crores (Offer for Sale), of which [*] equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of [*] equity shares of face value of Rs. 10/- each at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] crores is herein after referred to as the Net Offer. The offer and the net offer will constitute [*] % and [*] %, respectively, of the post offer paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding the working capital requirements. Repayment of prepayment of all or a portion of certain outstanding borrowings. General corporate purpose.

Siddhi Cotspin Ltd Contact Details

Siddhi Cotspin Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@siddhicotspin.com

Website - www.siddhicotspin.com