Suumaya Corporation Ltd - IPO

Suumaya Corporation Ltd IPO Details

Initial public issue of up to 21,81,000 equity shares of face value of Rs. 10 each (equity shares) of Rangoli Tradecomm Limited (the company or the issuer) for cash at a price of Rs. 207 per equity share (the issue price), (including a premuim of Rs. 197 per equity share), aggregating Rs. 45.15 Crores (the issue), of which 1,11,600 equity shares of face value of Rs. 10 for cash at a price of Rs. 207 each aggregating Rs. 2.31 Crores will be reserved for subscription by market maker to the issue (The Market Maker Reservation Portion). The issue less market maker reservation portion i.e. Issue of 20,69,400 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 207 per equity share, aggregating to Rs. 42.84 Crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.47% and 25.11% respectively 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 of Rs. 207.00/- each. The Issue Price is 20.70 times of the face value of the equity shares.

Objective of issue

Meeting Working Capital Requirements. General Corporate Purposes.

Suumaya Corporation Ltd Contact Details

Suumaya Corporation Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@key2elements.com

Website - www.suumayacorporation.com