IPO Synopsis
Home >> IPO >> IPO Synopsis
Sorich Foils Ltd
Registered Office:
Plot No 4802/1 Plastic Zone,GIDC Sarigam Tal Umbergaon,
Valsad - 396155,
Gujarat, India.
Website :  www.sorichfoils.in
Public issue of 25,00,000 equity shares of face value of (Rs) 10 each of Sorich Foils Limited ('sfl', "company" or the "issuer") for cash at a price of RS.16 per equity share ("issue price") including share premium of (Rs) 6 per equity share aggregating to (Rs) 4 CRORES ("THE ISSUE"), OF WHICH 2,00,000 EQUITY SHARES OF FACE VALUE OF (Rs) 10 each for a cash price of (Rs) 16 per equity share, aggregating to (Rs) 0.32 Crores will be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 23,00,000 equity shares of face value of 10 each at an issue price of (Rs) 16 per equity share aggregating to (Rs) 3.68 Crores (is hereinafter referred to as the "net issue"). The issue and the net issue will constitute 30.00% and 27.60%, respectively of the fully diluted 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 1.6 times the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
24-May-18
28-May-18
16.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 8000   Further Multiples of : 8000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
4.00
Saffron Capital Advisors Pvt Ltd
Project Financed through Current Offer
4.00
 
Post Issue Equity Share Capital
8.33
 
Issue Price
16.00
 
Projects
Part Repayment/Prepayment of Unsecured Loan availed by the company
General Corporate Purposes
Promoted By
Chandrahas Kotian
Listing At
NSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd
Adani Ports & Special Economic Zone Ltd     362.45   Down   -8.10 (-2.19%)   Asian Paints Ltd     1,269.20   Down   -12.85 (-1.00%)   Axis Bank Ltd     517.20   Down   -5.35 (-1.02%)   Bajaj Auto Ltd     2,849.80   Down   -45.50 (-1.57%)   Bajaj Finance Ltd     2,270.60   Up   27.45 (1.22%)   Bajaj Finserv Ltd     5,913.20   Down   -82.55 (-1.38%)   Bharat Petroleum Corporation Ltd     413.60   Down   -9.50 (-2.25%)   Bharti Airtel Ltd     371.20   Up   0.30 (0.08%)   Bharti Infratel Ltd     287.75   Down   -3.55 (-1.22%)   Cipla Ltd     601.85   Down   -4.65 (-0.77%)   Coal India Ltd     272.95   Down   -1.25 (-0.46%)   Dr Reddys Laboratories Ltd     2,393.00   Up   7.15 (0.30%)   Eicher Motors Ltd     29,949.65   Down   -185.65 (-0.62%)   GAIL (India) Ltd     342.75   Up   4.65 (1.38%)   Grasim Industries Ltd     1,010.10   Down   -10.00 (-0.98%)   HCL Technologies Ltd     920.45   Down   -12.75 (-1.37%)   HDFC Bank Ltd     2,023.50   Up   4.35 (0.22%)   Hero Honda Motors Ltd     3,652.75   Down   -13.40 (-0.37%)   Hindalco Industries Ltd     225.80   Down   -5.20 (-2.25%)   Hindustan Petroleum Corporation Ltd     313.00   Down   -9.10 (-2.83%)   Hindustan Unilever Ltd     1,601.00   Down   -7.55 (-0.47%)   Housing Development Finance Corporation Ltd     1,828.00   Up   4.45 (0.24%)   ICICI Bank Ltd     292.80   Down   -0.20 (-0.07%)   Indiabulls Housing Finance Ltd     1,182.60   Down   -17.35 (-1.45%)   Indian Oil Corporation Ltd     168.60   Down   -5.30 (-3.05%)   IndusInd Bank Ltd     1,931.50   Down   -36.45 (-1.85%)   Infosys Technologies Ltd     1,241.60   Down   -25.80 (-2.04%)   ITC Ltd     266.05   Up   1.50 (0.57%)   Kotak Mahindra Bank Ltd     1,303.25   Down   -12.05 (-0.92%)   Larsen & Toubro Ltd     1,310.40   Down   -12.80 (-0.97%)   Lupin Ltd     897.85   Down   -4.35 (-0.48%)   Mahindra & Mahindra Ltd     891.40   Down   -22.50 (-2.46%)   Maruti Suzuki India Ltd     8,862.60   Down   -110.85 (-1.24%)   NIFTY (S&P CNX)     10,710.45   Down   -89.40 (-0.83%)   NTPC Ltd     156.15   Down   -0.85 (-0.54%)   Oil & Natural Gas Corpn Ltd     164.80   Up   0.20 (0.12%)   Power Grid Corporation of India Ltd     198.70   Up   0.05 (0.03%)   Reliance Industries Ltd     996.05   Down   -19.50 (-1.92%)   State Bank of India     272.60   Down   -4.25 (-1.54%)   Sun Pharmaceuticals Industries Ltd     559.95   Down   -10.15 (-1.78%)   Tata Consultancy Services Ltd     1,824.50   Down   -4.50 (-0.25%)   Tata Motors Ltd     305.05   Down   -3.75 (-1.21%)   Tata Steel Ltd     555.00   Down   -3.50 (-0.63%)   Tech Mahindra Ltd     695.75   Down   -14.80 (-2.08%)   Titan Company Ltd     889.00   Down   -8.70 (-0.97%)   UltraTech Cement Ltd     3,648.00   Down   -21.50 (-0.59%)   UPL Ltd     674.10   Down   -18.15 (-2.62%)   Vedanta Ltd     224.30   Down   -7.90 (-3.40%)   Wipro Ltd     261.00   Down   -4.75 (-1.79%)   Yes Bank Ltd     330.90   Down   -0.75 (-0.23%)   Zee Entertainment Enterprises Ltd     554.50   Down   -6.70 (-1.19%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com