Srivasavi Adhesive Tapes Ltd - IPO

Srivasavi Adhesive Tapes Ltd IPO Details

Initial public offering of 37,80,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Srivasavi Adhesive Tapes Limited (Srivasavi or The Company or The Issuer) for cash at a price of Rs. 41/- per equity share (including a premium of Rs. 31/- per equity share) (Issue Price) aggregating Rs. 15.50 crores (The Issue) of which 1,92,000 equity shares aggregating to Rs. 0.79 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 35,88,000 equity shares of face value of Rs. 10/- each at an issue price of Rs.41/- per equity share aggregating to Rs. 14.71 crores (Net Issue). The issue and the net issue will constitute 26.67% and 25.31% of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is 4.1 times of the face value. Minimum application size of 3000 equity shares and in multiples of 3000 equity shares thereafter.

Objective of issue

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Srivasavi Adhesive Tapes Ltd Contact Details

Srivasavi Adhesive Tapes Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@vasavitapes.com

Website - www.vasavitapes.com