Silkflex Polymers (India) Ltd

Opens On Closes On
07-May-24 10-May-24
Money Payable On
Application Allotment
52.00 0.00

Minimum Application for shares in Nos : 2000 Further Multiples of : 2000

Lead Managers to the Issue
Project Cost (₹.Cr) 16.40 Shreni Shares Ltd
Project Financed through Current Offer (₹.Cr) 18.11  
Post Issue Equity Share Capital (₹.Cr) 11.61
Issue Price (₹) 52.00

Acquisition of Land

Funding of capital expenditure requirements of its company towards purchase of plant and machinery

Funding working capital requirements of the company

General corporate purposes

Promoted By
Tushar Lalit Kumar Sanghavi
Urmi Raj Mehta
Tushar Lalitkumar Sanghavi HUF
Listing At
Registrar to the Issue
No Data Available
Initial public offering of 34,82,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Silkflex Polymers (India) Limited ("SPIL" or "The Company" or "The Issuer") for cash at a price of Rs. 52/- per equity share (including a premium of Rs. 42 per equity share) ("Issue Price") aggregating to Rs. 18.11 crores ("The Issue") of which 1,78,000 equity shares aggregating to Rs. 0.93 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 33,04,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 52/- per equity share aggregating to Rs. 17.18 crores ("Net Issue"). The issue and the net issue will constitute 30.00 % and 28.47 % of the post issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is 5.2 times of the face value.