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Shreedhar Spinners Ltd IPO
Status: Upcoming
Overview
IPO date
23 Jun 2026 to 25 Jun 2026
Face value
₹ 10 per share
Price
₹ 51 to ₹53 per share
Issue Size
5,788,000 shares
(aggregating up to ₹ 30.68 Cr)
(aggregating up to ₹ 30.68 Cr)
Allotment Date
29 Jun 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Textiles
Unlock Stock of the Month
T&C*
Strengths vs Risks of Shreedhar Spinners Ltd
Know the pros & cons
Strengths
- Long term and expanding customer relationship across textile industry.
- Fully integrated cotton spinning infrastructure with modern technologies to support the company product portfolio.
- Experienced management team.
- Location advantage of the manufacturing facility.
- Cost effective production and timely fulfilment of orders
Risks
- Some of the Equity Shares held by the Promoter, Shreedhar Cotsyn Private Limited, have been pledged with the SBICAP Trustee Company Limited.
- Our financing agreements contain covenants that limit our flexibility in operating our business and has a significant debt-equity ratio. Our inability to meet our obligations, including financial and other covenants under our debt financing arrangements could adversely affect our business, results of operations and financial condition. Additionally, our Promoters have given personal guarantees in relation to certain financing arrangements provided to the Company by the lenders which may not continue after the completion of the Offer.
- We have in the past entered into related party transactions and may continue to do so in the future.
- Our business is dependent on our operating facility in Amravati. The loss or shutdown of our facilities could have a material adverse effect on our business, financial condition and results of operations.
- We generate a substantial portion of revenue from Maharashtra. Any adverse developments affecting our operations in the Maharashtra could have an adverse impact on our revenue and results of operations
- We generally do business with our customers on purchase order basis and do not enter into long term contracts with them. Our inability to maintain relationships with our customers could have an adverse effect on our business, prospects, results of operations and financial condition.
- We are dependent upon limited suppliers for the raw material requirements of our business. Further, we do not have definitive agreements or fixed terms of trade with most of our suppliers. Additionally, our Company relies on suppliers located in certain states in India for procurement of raw materials. Failure to successfully leverage our relationships with existing suppliers or to identify new suppliers could adversely affect our business operations.
- We face competition in our business from organized and unorganized players, which may adversely affect our business operations and financial condition.
- Our business is subject to seasonal volatility on account of the nature of main raw material i.e., raw cotton as an agricultural commodity, and such seasonality may cause significant fluctuations in our revenue, results of operations, and financial condition.
- We have working capital requirements. If we experience insufficient cash flows to make required payments on our debt or fund working capital requirements, there may be an adverse effect on our results of operations.
- We have certain outstanding litigation against our Company, an adverse outcome of which may adversely affect our business, reputation and results of operations.
- Our business operations rely on the availability of labour, and any shortage or unavailability of labour could disrupt our operations and adversely impact our performance. Unauthorised access to or disclosure of the Company's confidential business and operational information may adversely affect its business. Additionally, any negative publicity against the company, any of the Group Companies or the customers or any of their affiliates could cause the reputational harm.
- We have contingent liabilities, and our financial condition could be adversely affected if any of these contingent liabilities materializes.
- Our business relies on third-party transport logistics and storage providers for the timely procurement of raw materials and distribution of finished products, and any disruption or cost increase in such services could adversely affect our operations.
- We intend to utilise Rs. 494.77 Lakhs from the Net Proceeds for funding our capital expenditure requirements towards purchase of new machinery, for which we have not placed any orders or entered into any definitive agreements.
- Our net cash flows from operating, investing and financing activities have been negative in some years in the past. Any negative cash flow in the future may affect our liquidity and financial condition.
- Orders placed by our customers may be delayed, modified, cancelled or not fully paid for, which may adversely affect our business, financial condition and results of operations
- We do not own the premises in which our registered office and manufacturing unit are located and the same are on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by Property Owner could adversely affect our operations.
- Any downgrading of our credit rating by a domestic or international credit rating agency may increase interest rates for our future borrowings, which would increase our cost of borrowings, and adversely affect our ability to borrow on a competitive basis.
- Cotton is a highly flammable commodity, and any fire, accident, or mishap at our facilities could result insignificant property damage, business interruption, and financial loss.
- Potential conflicts of interest with our Holding Company may affect our business.
- Our Company has not registered its logo or any other trademark. Some trademarks have been applied by the Corporate Promoter and the same are proposed to be used by the Company for which the NOC has already been taken from the Corporate Promoter. The Trade Marks have not been registered which may adversely affect our ability to protect our brand and business identity.
- Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- Our funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect our business and results of operations.
- We have a limited operating history as a company, and our past performance may not be a reliable indicator of our future results or prospects.
- Our insurance coverage may not adequately protect us against all material hazards, which may adversely affect our business, results of operations and financial condition.
- Any change in government policies relating to the textile or cotton sector, including Minimum Support Prices(MSPs), subsidies, or incentive schemes, may adversely affect our cost structure, supply chain, or customer demand, thereby impacting our business, results of operations and financial condition.
- We have significant power requirements for continuous running of our manufacturing unit. Any disruption to our operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on our business, results of operations and financial condition.
- Under-utilization of our manufacturing capacities, or our inability to effectively utilize our installed capacities, could adversely affect our business, prospects, and financial performance.
- Our business operations are subject to extensive environmental, health, and safety regulations, and any failure to comply with such regulations could materially and adversely affect our business, financial condition, and results of operations.
- Technological changes in the textile industry may render our manufacturing facility and machinery less competitive or obsolete, which could adversely affect our business and results of operations.
- Continued operations at our Manufacturing Facility are critical to our business, and any disruption could materially and adversely affect our results of operations, cash flows, and financial condition
- There are certain discrepancies and non-compliances noticed in some of our corporate records relating to forms filed with the Registrar of Companies.
- Our raw materials and finished products are susceptible to deterioration and colour fading during storage, which may result in losses, reduced realizations, and adverse impact on our profitability.
- Any IT system failures or lapses on part of any of our employees may lead to operational interruption, liabilities or reputational harm.
- There have been instances of delay or default in payment of statutory dues and filing of statutory returns by our company in the past.
- Any failure or significant weakness of our internal controls system could cause operational errors or incidents of fraud, which would adversely affect our profitability and reputation
- The Company has issued Equity Shares / convertible securities at a price lower than the Issue Price during the preceding twelve months.
- Our Company has not registered the trademark. Our ability to use the trademark may be impaired if the same is not registered under our name.
- Significant differences exist between Indian GAAP and other accounting principles, such as U.S. GAAP and IFRS, which investors may be more familiar with and may consider material to their assessment of our financial condition.
- We could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect our financial condition, results of operations and reputation.
- Our financing agreements contain covenants that limit our flexibility in operating our business. Our inability to meet our obligations, including financial and other covenants under our debt financing arrangements could adversely affect our business, results of operations and financial condition.
- Our business is operating under various laws which require us to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and our inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for our business operations could materially and adversely affect our business, prospects, results of operations and financial condition.
- Unsecured loans taken by our Company can be recalled by the lenders at any time.
- If we are unable to accurately forecast customer demand and maintain optimal inventory levels of cotton bales and finished yarn, our business, results of operations, and financial condition may be adversely affected.
- Our business depends on our ability to consistently maintain stringent quality standards. Any failure to meet customer-prescribed specifications may result in product rejections, order cancellations, reputational harm, and adverse impact on our financial performance.
- Our inability to effectively manage our growth or to successfully implement our business plan and growth strategies could have an adverse effect on our business, results of operations and financial condition. The success of our business will depend greatly on our ability to effectively implement our business and growth strategies.
- The determination of the Price Band is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
- If we are unable to source business opportunities effectively, we may not achieve our financial objectives.
- There may be potential conflicts of interest if our Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as our business operations.
- Our success largely depends upon the knowledge and experience of our Promoters, Directors, our Key Managerial Personnel and Senior Management as well as our ability to attract and retain personnel with technical expertise. Any loss of our Promoter, Directors, Key Managerial Personnel, Senior Management or our ability to attract and retain them and other personnel with technical expertise could adversely affect our business, financial condition and results of operations.
- Some of our Directors do not possess experience of being on the board of any listed company.
- In addition to normal remuneration or benefits and reimbursement of expenses, some of our directors and key managerial personnel are interested in our Company to the extent of their shareholding and dividend entitlement in our Company.
- We have not made any alternate arrangements for meeting our capital requirements for the Objects of the Issue. Further we have not identified any alternate source of financing the `Objects of the Issue'.
- There is no monitoring agency appointed by our Company and the deployment of funds are at the discretion of our Management and our Board of Directors, though it shall be monitored by the Audit Committee.
- The continuing effect of the COVID-19 pandemic on our business and operations is highly uncertain and cannot be predicted.
- This Red Herring Prospectus contains information from third parties, including an industry report prepared by an independent third-party research agency, Wazir Advisors Private Limited ("Wazir"), which we have commissioned and paid for purposes of confirming our understanding of the industry exclusively in connection with the Issue.
- Our growth is directly linked to the performance of the textile and apparel industry, and any slowdown or shiftin demand within these segments may adversely impact our revenues and profitability.
- The requirements of being a public listed company may strain our resources and impose additional requirements.
Shreedhar Spinners Ltd Peer Comparison
Understand the company’s industry standing
Shreedhar Spinners Ltd
AB Cotspin India Limited
Siddhi Cotspin Limited
Face Value
10
10
10
Standalone / Consolidated
Standalone
Standalone
Standalone
Total Income Rs. Cr.
146.55
301.46
478.27
EPS-Basis
4.03
6.06
4.38
EPS-Diluted
4.03
6.06
4.38
NAV Per Share
19.01
69.15
55.82
P/E-Basic EPS
---
33.69
6.39
P/E-Diluted EPS
---
---
---
RONW(%)
20.74
8.65
7.08
Latest NAV Period
---
---
---
Latest NAV
---
---
---
How to check the allotment status of Shreedhar Spinners Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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The IPO opens on 23 Jun 2026 & closes on 25 Jun 2026.
Shreedhar Spinners Limited was originally incorporated and registered as a private limited company under Companies Act, 2013 in the name and style of Shreedhar Spinners Private Limited' vide certificate of incorporation dated December 9, 2020 with the Central Registration Centre. Further, Company was converted into a public limited company dated November 17, 2025 changing the name to Shreedhar Spinners Limited.
The Company is an exporter of raw cotton, cotton yarn and synthetic yarn and commenced manufacturing of cotton yarn since year 2022. These yarns are suitable for both knitting and weaving applications and catering to a wide spectrum of end-use segments and products including Apparel, Denim, Terry towels, Shirting, Bed linen, Sweaters, Socks, Furnishing Fabrics and Industrial fabrics.
The Company operates a manufacturing unit at Tuljapur, Amravati District of Maharashtra, having a production capacity of 5500 MT of cotton yarn, with 18240 spindles. It source major raw materials used for manufacturing of cotton yarn includes cotton bales from the different local ginners, traders and Cotton Corporation of India. It enjoy a strategic locational advantage, with the factory situated in the Textile Park at MIDC, Amravati at Vidarbha's rich cotton-producing region and surrounded by modern infrastructure and numerous textile mills.
The spinning operations cover key processes such as bale opening, cleaning, carding, drawing, roving, spinning, winding, and packaging. At the core of our manufacturing operations is compact ring spinning technology, a significant upgrade over conventional spinning systems. This technology improves fibre alignment and reduces hairiness and breakage in yarn thereby wastages, producing stronger, and more uniform yarns.
Company has filed a Draft Prospectus with SEBI and is planning the IPO comprising a fresh issue of 58,00,000 equity shares of Rs 10 each.
Shreedhar Spinners Ltd IPO will close on 25 Jun 2026.
- Long term and expanding customer relationship across textile industry.
- Fully integrated cotton spinning infrastructure with modern technologies to support the company product portfolio.
- Experienced management team.
- Location advantage of the manufacturing facility.
- Cost effective production and timely fulfilment of orders
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Shreedhar Cotsyn Private Limit | 14499600 | 92.65 | 14499600 | 67.64 |
| 2 | Dharmendra Mohandas Goyal | 110000 | 0.7 | 110000 | 0.51 |
| 3 | Vishal Agarwal | 175000 | 1.12 | 175000 | 0.82 |
| 4 | Varesh Goyal | 42500 | 0.27 | 42500 | 0.2 |
| 5 | Sunita Dharmendra Goyal | 70000 | 0.45 | 70000 | 0.33 |
| 6 | Pooja Agarwal | 30000 | 0.19 | 30000 | 0.14 |
| 7 | Aditi Goyal | 42500 | 0.27 | 42500 | 0.2 |
| 8 | Mohan Das Goyal | 10000 | 0.06 | 10000 | 0.05 |
| 9 | Twinkle Adukia | 10000 | 0.06 | 10000 | 0.05 |
| 10 | Kusum Devi Agarwal | 5000 | 0.03 | 5000 | 0.02 |
| 11 | Vishal Agarwal HUF | 2500 | 0.02 | 2500 | 0.01 |
| 12 | Rajendra Prasad Agarwal HUF | 2500 | 0.02 | 2500 | 0.01 |
| 13 | Ram Krupa Properties Private | 5000 | 0.03 | 5000 | 0.02 |
| 14 | Pankaj Kailash Poddar | 15000 | 0.1 | 15000 | 0.07 |
| 15 | Pawan Poddar | 10000 | 0.06 | 10000 | 0.05 |
| 16 | Arunima Amodkumar Agarwal | 10000 | 0.06 | 10000 | 0.05 |
| 17 | Mukul Mohandas Goyal | 20000 | 0.13 | 20000 | 0.09 |
| 18 | Madhav Vishal Agarwal | 20000 | 0.13 | 20000 | 0.09 |
| 19 | Shree Nagani Silk Mills Priva | 10000 | 0.06 | 10000 | 0.05 |
| 20 | Siddhartha Super Spinning Mil | 10000 | 0.06 | 10000 | 0.05 |
| 21 | Himtex Textiles Private Limit | 10000 | 0.06 | 10000 | 0.05 |
- Some of the Equity Shares held by the Promoter, Shreedhar Cotsyn Private Limited, have been pledged with the SBICAP Trustee Company Limited.
- Our financing agreements contain covenants that limit our flexibility in operating our business and has a significant debt-equity ratio. Our inability to meet our obligations, including financial and other covenants under our debt financing arrangements could adversely affect our business, results of operations and financial condition. Additionally, our Promoters have given personal guarantees in relation to certain financing arrangements provided to the Company by the lenders which may not continue after the completion of the Offer.
- We have in the past entered into related party transactions and may continue to do so in the future.
- Our business is dependent on our operating facility in Amravati. The loss or shutdown of our facilities could have a material adverse effect on our business, financial condition and results of operations.
- We generate a substantial portion of revenue from Maharashtra. Any adverse developments affecting our operations in the Maharashtra could have an adverse impact on our revenue and results of operations
- We generally do business with our customers on purchase order basis and do not enter into long term contracts with them. Our inability to maintain relationships with our customers could have an adverse effect on our business, prospects, results of operations and financial condition.
- We are dependent upon limited suppliers for the raw material requirements of our business. Further, we do not have definitive agreements or fixed terms of trade with most of our suppliers. Additionally, our Company relies on suppliers located in certain states in India for procurement of raw materials. Failure to successfully leverage our relationships with existing suppliers or to identify new suppliers could adversely affect our business operations.
- We face competition in our business from organized and unorganized players, which may adversely affect our business operations and financial condition.
- Our business is subject to seasonal volatility on account of the nature of main raw material i.e., raw cotton as an agricultural commodity, and such seasonality may cause significant fluctuations in our revenue, results of operations, and financial condition.
- We have working capital requirements. If we experience insufficient cash flows to make required payments on our debt or fund working capital requirements, there may be an adverse effect on our results of operations.
- We have certain outstanding litigation against our Company, an adverse outcome of which may adversely affect our business, reputation and results of operations.
- Our business operations rely on the availability of labour, and any shortage or unavailability of labour could disrupt our operations and adversely impact our performance. Unauthorised access to or disclosure of the Company's confidential business and operational information may adversely affect its business. Additionally, any negative publicity against the company, any of the Group Companies or the customers or any of their affiliates could cause the reputational harm.
- We have contingent liabilities, and our financial condition could be adversely affected if any of these contingent liabilities materializes.
- Our business relies on third-party transport logistics and storage providers for the timely procurement of raw materials and distribution of finished products, and any disruption or cost increase in such services could adversely affect our operations.
- We intend to utilise Rs. 494.77 Lakhs from the Net Proceeds for funding our capital expenditure requirements towards purchase of new machinery, for which we have not placed any orders or entered into any definitive agreements.
- Our net cash flows from operating, investing and financing activities have been negative in some years in the past. Any negative cash flow in the future may affect our liquidity and financial condition.
- Orders placed by our customers may be delayed, modified, cancelled or not fully paid for, which may adversely affect our business, financial condition and results of operations
- We do not own the premises in which our registered office and manufacturing unit are located and the same are on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by Property Owner could adversely affect our operations.
- Any downgrading of our credit rating by a domestic or international credit rating agency may increase interest rates for our future borrowings, which would increase our cost of borrowings, and adversely affect our ability to borrow on a competitive basis.
- Cotton is a highly flammable commodity, and any fire, accident, or mishap at our facilities could result insignificant property damage, business interruption, and financial loss.
- Potential conflicts of interest with our Holding Company may affect our business.
- Our Company has not registered its logo or any other trademark. Some trademarks have been applied by the Corporate Promoter and the same are proposed to be used by the Company for which the NOC has already been taken from the Corporate Promoter. The Trade Marks have not been registered which may adversely affect our ability to protect our brand and business identity.
- Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- Our funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect our business and results of operations.
- We have a limited operating history as a company, and our past performance may not be a reliable indicator of our future results or prospects.
- Our insurance coverage may not adequately protect us against all material hazards, which may adversely affect our business, results of operations and financial condition.
- Any change in government policies relating to the textile or cotton sector, including Minimum Support Prices(MSPs), subsidies, or incentive schemes, may adversely affect our cost structure, supply chain, or customer demand, thereby impacting our business, results of operations and financial condition.
- We have significant power requirements for continuous running of our manufacturing unit. Any disruption to our operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on our business, results of operations and financial condition.
- Under-utilization of our manufacturing capacities, or our inability to effectively utilize our installed capacities, could adversely affect our business, prospects, and financial performance.
- Our business operations are subject to extensive environmental, health, and safety regulations, and any failure to comply with such regulations could materially and adversely affect our business, financial condition, and results of operations.
- Technological changes in the textile industry may render our manufacturing facility and machinery less competitive or obsolete, which could adversely affect our business and results of operations.
- Continued operations at our Manufacturing Facility are critical to our business, and any disruption could materially and adversely affect our results of operations, cash flows, and financial condition
- There are certain discrepancies and non-compliances noticed in some of our corporate records relating to forms filed with the Registrar of Companies.
- Our raw materials and finished products are susceptible to deterioration and colour fading during storage, which may result in losses, reduced realizations, and adverse impact on our profitability.
- Any IT system failures or lapses on part of any of our employees may lead to operational interruption, liabilities or reputational harm.
- There have been instances of delay or default in payment of statutory dues and filing of statutory returns by our company in the past.
- Any failure or significant weakness of our internal controls system could cause operational errors or incidents of fraud, which would adversely affect our profitability and reputation
- The Company has issued Equity Shares / convertible securities at a price lower than the Issue Price during the preceding twelve months.
- Our Company has not registered the trademark. Our ability to use the trademark may be impaired if the same is not registered under our name.
- Significant differences exist between Indian GAAP and other accounting principles, such as U.S. GAAP and IFRS, which investors may be more familiar with and may consider material to their assessment of our financial condition.
- We could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect our financial condition, results of operations and reputation.
- Our financing agreements contain covenants that limit our flexibility in operating our business. Our inability to meet our obligations, including financial and other covenants under our debt financing arrangements could adversely affect our business, results of operations and financial condition.
- Our business is operating under various laws which require us to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and our inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for our business operations could materially and adversely affect our business, prospects, results of operations and financial condition.
- Unsecured loans taken by our Company can be recalled by the lenders at any time.
- If we are unable to accurately forecast customer demand and maintain optimal inventory levels of cotton bales and finished yarn, our business, results of operations, and financial condition may be adversely affected.
- Our business depends on our ability to consistently maintain stringent quality standards. Any failure to meet customer-prescribed specifications may result in product rejections, order cancellations, reputational harm, and adverse impact on our financial performance.
- Our inability to effectively manage our growth or to successfully implement our business plan and growth strategies could have an adverse effect on our business, results of operations and financial condition. The success of our business will depend greatly on our ability to effectively implement our business and growth strategies.
- The determination of the Price Band is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
- If we are unable to source business opportunities effectively, we may not achieve our financial objectives.
- There may be potential conflicts of interest if our Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as our business operations.
- Our success largely depends upon the knowledge and experience of our Promoters, Directors, our Key Managerial Personnel and Senior Management as well as our ability to attract and retain personnel with technical expertise. Any loss of our Promoter, Directors, Key Managerial Personnel, Senior Management or our ability to attract and retain them and other personnel with technical expertise could adversely affect our business, financial condition and results of operations.
- Some of our Directors do not possess experience of being on the board of any listed company.
- In addition to normal remuneration or benefits and reimbursement of expenses, some of our directors and key managerial personnel are interested in our Company to the extent of their shareholding and dividend entitlement in our Company.
- We have not made any alternate arrangements for meeting our capital requirements for the Objects of the Issue. Further we have not identified any alternate source of financing the `Objects of the Issue'.
- There is no monitoring agency appointed by our Company and the deployment of funds are at the discretion of our Management and our Board of Directors, though it shall be monitored by the Audit Committee.
- The continuing effect of the COVID-19 pandemic on our business and operations is highly uncertain and cannot be predicted.
- This Red Herring Prospectus contains information from third parties, including an industry report prepared by an independent third-party research agency, Wazir Advisors Private Limited ("Wazir"), which we have commissioned and paid for purposes of confirming our understanding of the industry exclusively in connection with the Issue.
- Our growth is directly linked to the performance of the textile and apparel industry, and any slowdown or shiftin demand within these segments may adversely impact our revenues and profitability.
- The requirements of being a public listed company may strain our resources and impose additional requirements.
The Issue type of Shreedhar Spinners Ltd is Book Building - SME.
The minimum application for shares of Shreedhar Spinners Ltd is 4000.
The total shares issue of Shreedhar Spinners Ltd is 5788000.
Initial public offer of upto 57,88,000^ equity shares of face value of Rs. 10/- each ("Equity Shares") of Shreedhar Spinners Limited ("the Company" or "the Issuer") at an issue price of
Rs. 51-53 per equity share (including a share premium of 41-43 per equity share) for cash, aggregating up to Rs. 29.52-30.68 Crores ("Public Issue") out of which 3,86,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 51-53 per equity share for cash, aggregating Rs. 1.97-2.05 Crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Issue of 54,02,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 51-53 per equity share for cash, aggregating up to Rs. 27.55-28.63 Crores is here inafter referred to as the "Net Issue". The public issue and net issue will constitute 27.00% and 25.20% respectively of the post-issue paid- up equity share capital of the company.
Price Band: Rs. 51/- to Rs. 53/- per equity share of face value of Rs. 10 each.
The floor price is 5.10 times the face value and cap price is 5.30 times of the face value of the equity shares.
Bids can be made for a minimum of two lots and further in multiples of 2000 equity shares thereafter.
^Subject to finalisation of basis of allotment.