Shreenath Paper Products Ltd
Registered Office:
Shop.5 Plot No.136 N-1 Masco-,Corner Api Road Cidco,
Aurangabad.
-
431003,
Phone : +91 0240 2489 888
Fax : NA
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 allotment
The face value of the equity shares is (Rs) 10/- each and the issue price is 4.4 times of the face value.
Opens On
Closes On
Application
Allotment
25-Feb-25
28-Feb-25
44.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
3000
Further Multiples of :
3000
(Rs.Cr)
Lead Managers to the Issue
Project Cost
20.87
Galactico Corporate Services Ltd
Project Financed through Current Offer
23.36
Post Issue Equity Share Capital
19.65
Meeting incremental working capital requirements
General corporate purposes
Alok Parekh
Ronak Parekh
Navneetdas Parekh