Registered Office:
Survey # 66 Plot No A Valiv,Sativali Rd Vasai East Palghar,
Thane - 401208,
Maharashtra, India.
Phone : +91 9136019995
Fax : NA
Initial public offer of 15,20,000 equity shares of (Rs) 10 each ("Equity Shares") of Sunita Tools Limited ("STL" or the "Company") for cash at a price of (Rs) 145 per share (the "Issue Price"), aggregating to (Rs) 22.04 crores ("The Issue"), consisting of fresh issue of 13,20,000 equity shares aggregating to (Rs) 19.14 crores and an offer for sale of 2,00,000 equity shares comprising of 66,600 by Sanjay Kumar Pandey, 66,600 by Satish Kumar Pandey and 66,800 by Ragini Pandey ("The Promoters Selling Shareholders" or "The Selling Shareholders") aggregating to (Rs) 2.90 crores ("Offer for Sale"), of which 78,000 equity shares of (Rs) 10 each will be reserved for subscription by aggregating market maker to the issue (the "Market Maker Reservation Portion"). The issue less than the market maker reservation portion i.e. issue of 14,42,000 equity shares of (Rs) 10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.02% and 25.64% respectively of the post issue paid up equity share capital of the company.
The face value of the equity share is (Rs) 10 and the issue price is 14.5 times of the face value.
Opens On
Closes On
Application
Allotment
26-Sep-23
03-Oct-23
145.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
1000
Further Multiples of :
1000
(Rs.Cr)
Lead Managers to the Issue
Project Cost
17.60
Aryaman Financial Services Ltd