IPO Synopsis
| Somi Conveyor Beltings Ltd |
|---|
| Registered Office: 4F-15 Oliver House,New Power House Road,Jodhpur-342001, Rajasthan |
| Tel. No: 91-0291-2765400 |
| Fax No: NA |
| Email: sales@somiconveyor.com; info@ombhansali.com |
| Website: www.somiconveyor.com |
| Issue of 62,27,860 equity shares of Rs. 10/- each at a price of Rs.35/- per equity share (including a Premium of Rs.25/-per Equity Share) of Somi Conveyor Beltings Ltd for cash aggregating to Rs.21.80 Crores ("issue"). The issue comprises of contribution by promoters, of 14,99,286 equity shares of Rs. 10/- each at a price of Rs.35 per equity share for cash aggregating to Rs.5.25 Crores ("promoter's contribution portion"), and the net issue to the public of 47,28,574 equity shares of Rs. 10/- each at a price of Rs.35/- per equity share for cash aggregating to Rs.16.55 Crores ("net issue to public") including an allocation of atleast 10% of the net issue to the public to Aualified Institutional Buyers ("QIB Portion"). The net issue to public would constitute 40% of the fully diluted post issue paid up capital of the company. The issue price is 3.5 times of the face value of the equity share. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 24-Jun-2008 | 27-Jun-2008 | ₹35.00 - 0.00 | |
| Minimum Application for shares in Nos : 200.0 | Further Multiples of :200.0 |
|---|
| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 35.09 | Ashika Capital Ltd |
| Project Financed through Current Offer | 21.80 | |
| Post Issue Equity Share Capital | 11.78 | |
| Issue Price | 35.00 |
| Projects |
|---|
| Setting up of new Manufacturing Unit |
| Purchase of Land and Building for the premises |
| To Meet Margin Money requirement |
| Interest Cost During the Construction Period |
| Promoted By |
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| Om Prakash Bhansali |
| Vimal Bhansali |
| Gaurav Bhansali |
| Listing At |
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| BSE |
| Registrar To The Issue |
|---|
