Registered Office:
Survey No.125/P2/P2 Plot #.1-3,Village Lothada,
Rajkot - 360002,
Gujarat, India.
Phone : +91 63545 54191
Fax : NA
Initial public offering of up to 61,31,200 equity shares of face value of (Rs) 10 each ("Equity Shares") of the company for cash at a price of (Rs) 88 per equity share (Including a Share Premium of (Rs) 78 Per Equity Share) ("Offer Price") aggregating up to (Rs) 53.95 Crore (the "Offer") comprising a fresh offer of up to 49,05,600 equity shares of face value (Rs) 10 each aggregating up to (Rs) 43.17 Crore by the company (the "Fresh Offer") and offer for sale of up to 12,25,600 equity shares (the "Offered Shares") aggregating up to (Rs) 10.79 Crore comprising offer for sale of 3,06,400 equity shares by Hemal Babubhai Borsadiya, 3,06,400 equity shares by Rahul Kishorbai Sheradia, 3,06,400 equity shares by Borsadiya Binita Hemalbhai and 3,06,400 equity shares by Sheradia Parth Damjibhai (collectively "Promoter Selling Shareholders", and such equity shares offered by the promoter selling shareholders, the "Offered Shares") (Such Offer For Sale By Promoter Selling Shareholders, The "Offer For Sale" and Together With The Fresh Offer, "The Offer").
The offer includes up to 3,10,400 equity shares of face value of (Rs)10 each at an offer price of (Rs) 88 per equity share for cash, aggregating (Rs) 2.73 Crore will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e. Offer of upto 58,20,800 equity shares of face value of (Rs) 10 each, at an offer price of (Rs) 88 per equity share for cash, aggregating up to (Rs) 51.22 Crore is hereinafter reffered to as the "Net Offer". The offer and net offer will constitute 27.00% and 25.63% respectively of the post- issue paid up capital of the company.
Price Band: (Rs) 88/- per equity share of face value of (Rs) 10 each.
The floor price is 8.8 times of the face value of the equity shares.
Bids can be made for a minimum of 3200 equity shares and further in multiples of 1600 equity shares thereafter.
Opens On
Closes On
Application
Allotment
29-Jul-26
31-Jul-26
88.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
3200
Further Multiples of :
1600
(Rs.Cr)
Lead Managers to the Issue
Project Cost
38.85
Marwadi Chandarana Intermediaries Brokers Pvt Ltd