Suncare Traders Ltd - IPO

Suncare Traders Ltd IPO Details

Public issue of 37,84,000 equity shares of face value of Rs. 10/- each of Suncare Traders Limited (STL or the Company or the Issuer) for cash at a price of Rs. 64 per equity share including a share premium of Rs. 54 per equity share (The issue price) aggregating to Rs. 24.2176 crores (The issue), of which 1,92,000 equity shares of face value of Rs. 10 each will for cash at a price of Rs. 64 per equity share including a share premium of Rs. 54 per equity share aggregating to Rs. 1.2288 crores will be reserved for subscription by market maker to the issue (The market maker reservation portion). The issue less the market maker reservation portion i.e. Net issue of 35,92,000 equity shares of face value of Rs. 10 each at a price of Rs. 64 per equity share aggregating to Rs. 22.9888 crores is herein after referred to as the Net issue. The issue and the net issue will constitute 67.44% and 64.02%, respectively of the post issue paid up equity share capital of the company.The face value ofthe equity shares is Rs. 10 each and The issue price is 6.4 times of the face value.

Objective of issue

To invest in a joint venture in Madhav Power P Ltd. General corporate purpose.

Suncare Traders Ltd Contact Details

Suncare Traders Ltd, B-302 Sony Apartment, Off-Andheri Kurla Rd, Jarimari Sakinaka, Mumbai-400072

Phone - 91-22-28520461

Fax - 91-22-28511809

Email - bloombazar@yahoo.co.in

Website - www.sctl.shop