IPO SYNOPSIS

Sikko Industries Ltd
Registered Office:
508 Iscon Elegance NrJain Temp,NrPrahladnagar pickup Vejalpur,
Ahmedabad - 380051,
Gujarat, India.
Website :  www.sikkoindia.com
Public issue of 16,00,000 equity shares of face value of (₹) 10 each of Sikko Industries Limited ("SIL" or The "company" or The "Issuer") for cash at a price of (₹) 32 per equity share including a share premium of (₹) 22 per equity share (The "Issue Price") aggregating to (₹) 5.12 crores ("The Issue"), of which 80,000 equity shares of face value of (₹) 10 each for cash at a price of (₹) 32 per equity share including a share premium of (₹) 22 per equity share aggregating to (₹) 0.26 crores will be reserved for subscription by market maker to the issue (The "market maker reservation portion"). The issue less the market maker reservation portion i.e. Net issue of 15,20,000 equity shares of face value of (₹) 10 each at a price of (₹) 32 per equity share including a share premium of (₹) 22 per equity share aggregating to (₹) 4.86 crores is herein after referred to as the "net issue". The issue and the net issue will constitute 28.57% and 27.14%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (₹) 10 each and the issue price is 3.2 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
05-Apr-17
07-Apr-17
32.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 4000     Further Multiples of : 4000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
5.12
Swastika Investmart Ltd
Project Financed
5.12
 
Post Issue
5.60
 
Issue Price
32.00
 
Projects
Working Capital Requirement
General corporate purpose
Promoted By
Ghanshyambhai Kumbhani
Jayantibhai Kumbhani
Listing At
NSE - SME
Registrar to the Issue
No Data Available!!!
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