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Shreedhar Spinners Ltd IPO
Status: Closed
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, has been pledged with the SBICAP Trustee Company Limited.
- The company financing agreements contain covenants that limit its flexibility in operating the company business and has a significant debt-equity ratio. Its inability to meet the company obligations, including financial and other covenants under the company debt financing arrangements could adversely affect its business, results of operations and financial condition. Additionally, the company Promoters has 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.
- The company has in the past entered into related party transactions and may continue to does so in the future.
- The company business is dependent on its operating facility in Amravati. The loss or shutdown of the company facilities could has a material adverse effect on its business, financial condition and results of operations.
- The company generate a substantial portion of revenue from Maharashtra. Any adverse developments affecting its operations in the Maharashtra could has an adverse impact on the company revenue and results of operations.
- The company generally does business with its customers on purchase order basis and does not enter into long term contracts with them. The company inability to maintain relationships with its customers could has an adverse effect on its business, prospects, results of operations and financial condition.
- The company is dependent upon limited suppliers for the raw material requirements of its business. Further, the company does not has definitive agreements or fixed terms of trade with most of its suppliers. Additionally, the Company relies on suppliers located in certain states in India for procurement of raw materials. Failures to successfully leverage its relationships with existing suppliers or to identify new suppliers could adversely affect the company business operations.
- The company faces competition in its business from organized and unorganized players, which may adversely affect its business operations and financial condition.
- The company 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 its revenue, results of operations, and financial condition.
- The company has working capital requirements. If its experience insufficient cash flows to make required payments on the company debt or fund working capital requirements, there may be an adverse effect on its results of operations.
- The company has certain outstanding litigation against its Company, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- The company business operations relies on the availability of labour, and any shortage or unavailability of labour could disrupt its operations and adversely impact the company 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.
- The company has contingent liabilities, and its financial condition could be adversely affected if any of these contingent liabilities materializes.
- The company 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 its operations.
- The company intend to utilise Rs. 494.77 Lakhs from the Net Proceeds for funding its capital expenditure requirements towards purchase of new machinery, for which the company has not placed any orders or entered into any definitive agreements.
- The company net cash flows from operating, investing and financing activities has been negative in some years in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
- Orders placed by the company customers may be delayed, modified, cancelled or not fully paid for, which may adversely affect its business, financial condition and results of operations.
- The company does not own the premises in which its registered office and manufacturing unit the company 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 its operations.
- Any downgrading of the company credit rating by a domestic or international credit rating agency may increase interest rates for its future borrowings, which would increase the company cost of borrowings, and adversely affect its ability to borrow on a competitive basis.
- Cotton is a highly flammable commodity, and any fire, accident, or mishap at the company facilities could result insignificant property damage, business interruption, and financial loss.
- Potential conflicts of interest with the company Holding Company may affect its business.
- The Company has not registered its logo or any other trademark. Some trademarks has been applied by the Corporate Promoter and the same is proposed to be used by the Company for which the NOC has already been taken from the Corporate Promoter. The Trade Marks has not been registered which may adversely affect its ability to protect the company 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.
- The company funding requirements and the proposed deployment of Net Proceeds is not appraised by any independent agency, which may affect its business and results of operations.
- The company has a limited operating history as a company, and its past performance may not be a reliable indicator of the company future results or prospects.
- The company insurance coverage may not adequately protect its against all material hazards, which may adversely affect its 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 its cost structure, supply chain, or customer demand, thereby impacting the company business, results of operations and financial condition.
- The company has significant power requirements for continuous running of its manufacturing unit. Any disruption to the company operations on account of interruption in power supply or any irregular or significant hike in power tariffs may has an effect on its business, results of operations and financial condition.
- Under-utilization of the company manufacturing capacities, or its inability to effectively utilize the company installed capacities, could adversely affect its business, prospects, and financial performance.
- The company business operations is subject to extensive environmental, health, and safety regulations, and any failures to comply with such regulations could materially and adversely affect its business, financial condition, and results of operations.
- Technological changes in the textile industry may render the company manufacturing facility and machinery less competitive or obsolete, which could adversely affect its business and results of operations.
- Continued operations at the company Manufacturing Facility is critical to its business, and any disruption could materially and adversely affect the company results of operations, cash flows, and financial condition.
- There is certain discrepancies and non-compliances noticed in some of the company corporate records relating to forms filed with the Registrar of Companies.
- The company raw materials and finished products is susceptible to deterioration and colour fading during storage, which may result in losses, reduced realizations, and adverse impact on its profitability.
- Any IT system failures or lapses on part of any of the company employees may lead to operational interruption, liabilities or reputational harm.
- There has been instances of delay or default in payment of statutory dues and filing of statutory returns by the company in the past.
- Any failures or significant weakness of the company internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation.
- The Company has issued Equity Shares / convertible securities at a price lower than the Issue Price during the preceding twelve months.
- The Company has not registered the trademark. Its ability to use the trademark may be impaired if the same is not registered under the company 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 the company financial condition.
- The company could be harmed by employee misconduct or errors that is difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- The company financing agreements contain covenants that limit its flexibility in operating the company business. Its inability to meet the company obligations, including financial and other covenants under its debt financing arrangements could adversely affect the company business, results of operations and financial condition.
- The company business is operating under various laws which requires its to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company business, prospects, results of operations and financial condition.
- Unsecured loans taken by the Company can be recalled by the lenders at any time.
- If the company is unable to accurately forecast customer demand and maintain optimal inventory levels of cotton bales and finished yarn, its business, results of operations, and financial condition may be adversely affected.
- The company business depends on its ability to consistently maintain stringent quality standards. Any failures to meet customer-prescribed specifications may result in product rejections, order cancellations, reputational harm, and adverse impact on its financial performance.
- The company inability to effectively manage its growth or to successfully implement the company business plan and growth strategies could has an adverse effect on its business, results of operations and financial condition. The success of the company business will depends greatly on its ability to effectively implement the company 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 the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
- There may be potential conflicts of interest if the company Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as its business operations.
- The company success largely depends upon the knowledge and experience of its Promoters, Directors, the company Key Managerial Personnel and Senior Management as well as its ability to attract and retain personnel with technical expertise. Any loss of the company Promoter, Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them and other personnel with technical expertise could adversely affect the company business, financial condition and results of operations.
- Some of the company Directors does 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 the company directors and key managerial personnel is interested in its Company to the extent of their shareholding and dividend entitlement in the Company.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'.
- There is no monitoring agency appointed by the Company and the deployment of funds is at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
- The continuing effect of the COVID-19 pandemic on the company 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 the company has commissioned and paid for purposes of confirming its understanding of the industry exclusively in connection with the Issue.
- The company 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 its revenues and profitability.
- The requirements of being a public listed company may strain its 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
---
---
---
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Enter details- PAN, Application number or DP client ID
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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, has been pledged with the SBICAP Trustee Company Limited.
- The company financing agreements contain covenants that limit its flexibility in operating the company business and has a significant debt-equity ratio. Its inability to meet the company obligations, including financial and other covenants under the company debt financing arrangements could adversely affect its business, results of operations and financial condition. Additionally, the company Promoters has 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.
- The company has in the past entered into related party transactions and may continue to does so in the future.
- The company business is dependent on its operating facility in Amravati. The loss or shutdown of the company facilities could has a material adverse effect on its business, financial condition and results of operations.
- The company generate a substantial portion of revenue from Maharashtra. Any adverse developments affecting its operations in the Maharashtra could has an adverse impact on the company revenue and results of operations.
- The company generally does business with its customers on purchase order basis and does not enter into long term contracts with them. The company inability to maintain relationships with its customers could has an adverse effect on its business, prospects, results of operations and financial condition.
- The company is dependent upon limited suppliers for the raw material requirements of its business. Further, the company does not has definitive agreements or fixed terms of trade with most of its suppliers. Additionally, the Company relies on suppliers located in certain states in India for procurement of raw materials. Failures to successfully leverage its relationships with existing suppliers or to identify new suppliers could adversely affect the company business operations.
- The company faces competition in its business from organized and unorganized players, which may adversely affect its business operations and financial condition.
- The company 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 its revenue, results of operations, and financial condition.
- The company has working capital requirements. If its experience insufficient cash flows to make required payments on the company debt or fund working capital requirements, there may be an adverse effect on its results of operations.
- The company has certain outstanding litigation against its Company, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- The company business operations relies on the availability of labour, and any shortage or unavailability of labour could disrupt its operations and adversely impact the company 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.
- The company has contingent liabilities, and its financial condition could be adversely affected if any of these contingent liabilities materializes.
- The company 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 its operations.
- The company intend to utilise Rs. 494.77 Lakhs from the Net Proceeds for funding its capital expenditure requirements towards purchase of new machinery, for which the company has not placed any orders or entered into any definitive agreements.
- The company net cash flows from operating, investing and financing activities has been negative in some years in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
- Orders placed by the company customers may be delayed, modified, cancelled or not fully paid for, which may adversely affect its business, financial condition and results of operations.
- The company does not own the premises in which its registered office and manufacturing unit the company 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 its operations.
- Any downgrading of the company credit rating by a domestic or international credit rating agency may increase interest rates for its future borrowings, which would increase the company cost of borrowings, and adversely affect its ability to borrow on a competitive basis.
- Cotton is a highly flammable commodity, and any fire, accident, or mishap at the company facilities could result insignificant property damage, business interruption, and financial loss.
- Potential conflicts of interest with the company Holding Company may affect its business.
- The Company has not registered its logo or any other trademark. Some trademarks has been applied by the Corporate Promoter and the same is proposed to be used by the Company for which the NOC has already been taken from the Corporate Promoter. The Trade Marks has not been registered which may adversely affect its ability to protect the company 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.
- The company funding requirements and the proposed deployment of Net Proceeds is not appraised by any independent agency, which may affect its business and results of operations.
- The company has a limited operating history as a company, and its past performance may not be a reliable indicator of the company future results or prospects.
- The company insurance coverage may not adequately protect its against all material hazards, which may adversely affect its 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 its cost structure, supply chain, or customer demand, thereby impacting the company business, results of operations and financial condition.
- The company has significant power requirements for continuous running of its manufacturing unit. Any disruption to the company operations on account of interruption in power supply or any irregular or significant hike in power tariffs may has an effect on its business, results of operations and financial condition.
- Under-utilization of the company manufacturing capacities, or its inability to effectively utilize the company installed capacities, could adversely affect its business, prospects, and financial performance.
- The company business operations is subject to extensive environmental, health, and safety regulations, and any failures to comply with such regulations could materially and adversely affect its business, financial condition, and results of operations.
- Technological changes in the textile industry may render the company manufacturing facility and machinery less competitive or obsolete, which could adversely affect its business and results of operations.
- Continued operations at the company Manufacturing Facility is critical to its business, and any disruption could materially and adversely affect the company results of operations, cash flows, and financial condition.
- There is certain discrepancies and non-compliances noticed in some of the company corporate records relating to forms filed with the Registrar of Companies.
- The company raw materials and finished products is susceptible to deterioration and colour fading during storage, which may result in losses, reduced realizations, and adverse impact on its profitability.
- Any IT system failures or lapses on part of any of the company employees may lead to operational interruption, liabilities or reputational harm.
- There has been instances of delay or default in payment of statutory dues and filing of statutory returns by the company in the past.
- Any failures or significant weakness of the company internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation.
- The Company has issued Equity Shares / convertible securities at a price lower than the Issue Price during the preceding twelve months.
- The Company has not registered the trademark. Its ability to use the trademark may be impaired if the same is not registered under the company 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 the company financial condition.
- The company could be harmed by employee misconduct or errors that is difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- The company financing agreements contain covenants that limit its flexibility in operating the company business. Its inability to meet the company obligations, including financial and other covenants under its debt financing arrangements could adversely affect the company business, results of operations and financial condition.
- The company business is operating under various laws which requires its to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company business, prospects, results of operations and financial condition.
- Unsecured loans taken by the Company can be recalled by the lenders at any time.
- If the company is unable to accurately forecast customer demand and maintain optimal inventory levels of cotton bales and finished yarn, its business, results of operations, and financial condition may be adversely affected.
- The company business depends on its ability to consistently maintain stringent quality standards. Any failures to meet customer-prescribed specifications may result in product rejections, order cancellations, reputational harm, and adverse impact on its financial performance.
- The company inability to effectively manage its growth or to successfully implement the company business plan and growth strategies could has an adverse effect on its business, results of operations and financial condition. The success of the company business will depends greatly on its ability to effectively implement the company 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 the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
- There may be potential conflicts of interest if the company Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as its business operations.
- The company success largely depends upon the knowledge and experience of its Promoters, Directors, the company Key Managerial Personnel and Senior Management as well as its ability to attract and retain personnel with technical expertise. Any loss of the company Promoter, Directors, Key Managerial Personnel, Senior Management or its ability to attract and retain them and other personnel with technical expertise could adversely affect the company business, financial condition and results of operations.
- Some of the company Directors does 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 the company directors and key managerial personnel is interested in its Company to the extent of their shareholding and dividend entitlement in the Company.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'.
- There is no monitoring agency appointed by the Company and the deployment of funds is at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
- The continuing effect of the COVID-19 pandemic on the company 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 the company has commissioned and paid for purposes of confirming its understanding of the industry exclusively in connection with the Issue.
- The company 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 its revenues and profitability.
- The requirements of being a public listed company may strain its 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 up to 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. 53 per equity share (including a share premium of Rs. 43 per equity share) for cash, aggregating up to Rs. 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. 53 per equity share for cash, aggregating Rs. 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. 53 per equity share for cash, aggregating up to Rs. 28.63 Crores is hereinafter 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. 53/- per equity share of face value of Rs. 10 each.
The floor 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.