Shreenath Paper Products Ltd - IPO

Shreenath Paper Products Ltd IPO Details

Initial public issue* of upto 53,10,000 equity shares of face value Rs. 10/- each (Equity Shares) of Shreenath Paper Products Limited (The Company or the Issuer) for cash at a price of Rs. 44 per equity share (including a securities premium of Rs. 34 per equity share) (Issue Price), aggregating up to Rs. 23.36 crores (the Issue). 2,82,000 equity shares aggregating to Rs. 1.24 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 50,28,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 44 per equity share aggregating to Rs. 22.12 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.02 % and 25.58 % respectively of the post issue paid-up equity share capital of the company.*Subject to finalization of basis of allotmentThe face value of the equity shares is Rs. 10/- each and the issue price is 4.4 times of the face value.

Objective of issue

Meeting incremental working capital requirements. General corporate purposes.

Shreenath Paper Products Ltd Contact Details

Shreenath Paper Products Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@shreenathpaper.com

Website - www.shreenathpaper.com