Sabari Inn Ltd - IPO

Sabari Inn Ltd IPO Details

Public issue of [*] equity shares of face value Rs.10/- each (Equity Shares) of Sabari Inn Limited (The Company or The Issuer) for cash at a price of Rs.[*] per equity share (including share premium of Rs.[*] per equity share), consisting of a fresh issue of [*] equity shares aggregating to Rs.125.00 crores and an offer for sale of [*] equity shares aggregating to Rs.45.00 crores by ICICI Prudential Asset Management Company Limited; portfolio managers on behalf of its clients more particularly described as India opportunities portfolio - ICICI Prudential PMS India Real Estate Securities Series-I and India Opportunity Real Estate Fund, (the selling shareholders), total aggregating to Rs.170.00 crores (The Issue). Upto [*] equity shares aggregating to Rs.1.00 crores will be reserved in the issue for subscription by eligible employees (the employee reservation portion). The issue less the employee reservation portion is refered to as the Net Issue. The issue would constitute [*]% of the fully diluted post issue paid up capital of the company. The net issue to public would constitute [*]% of the fully diluted post issue paid up capital of the company.Price band: Rs. [*] to Rs.[*] per equity share of face value Rs.10/- eachThe issue price is [*] times of the face value at the lower end of the price band and [*] times of the face value at the higher end of the price band

Objective of issue

Financing of expansion/acq./sett. up of new hotels. Repayment of the existing debts. General corporate purpose.

Sabari Inn Ltd Contact Details

Sabari Inn Ltd, 5-A Kences Towers, No 1 Ramakrishna St, N Usman Rd T Nagar, Chennai-600017

Phone - 91-44-28140801/28140802/28140803

Fax - 91-44-28142479

Email - csco@sabarihotels.com

Website - www.sabarihotels.com