Sudar Industries Ltd - IPO

Sudar Industries Ltd IPO Details

Public issue of 90,88,000 equity shares of Rs. 10/- each of sudar Garments Limited (The 'Company or The 'Issuer') for cash at a price of Rs. 77 per equity share, including a share premium of Rs. 67 per equity share, aggregating to Rs. 69.98 crores (The 'Issue'). The issue would constitute 49% of the fully diluted post-issue paid up capital of the company.The face value of the equity shares is Rs. 10/-.The issue price is Rs. 77 and is 7.7 times the face value of the equity share

Objective of issue

Expansion of the existing apparel manufact. unit. Meeting working capital requirement. Setting up retail outlets and brand building. Meeting general corporate expenses.

Sudar Industries Ltd Contact Details

Sudar Industries Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969