Sunstar Realty Development Ltd - IPO

Sunstar Realty Development Ltd IPO Details

Public issue of 53,10,000 equity shares of Rs. 10/- each (Equity Shares) of Sunstar Realty Development Limited (SRDL or The Company or The Issuer) for cash at a price of Rs. 20/- per share (The Issue Price), aggregating to Rs. 10.62 crores (The Issue), of which 2,70,000 equity shares of Rs. 10 each 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. issue of 50,40,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.64% and 25.29%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- and the issue price is 2(Two) times of the face value.

Objective of issue

To finance the expenditure of work order. To finance the development & Construction exp.. Brand building and general corporate purposes.

Sunstar Realty Development Ltd Contact Details

Sunstar Realty Development Ltd, Samhita Complex, Plot No 13 AB, Saki Naka Andheri(E), Mumbai-400072

Phone - 91-22-67720300/400

Fax - 91-22-28591568

Email - info@sunstarrealtors.com