IPO Synopsis
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Sonam Clock Ltd
Registered Office:
Survey No 337/P Taluka Tankara,Morbi Rajkot Highway,
Morbi - 363641,
Gujarat, India.
Initial public issue of 28,08,000 equity shares of face value of (Rs) 10 each ("equity shares") of Sonam Clock Limited ("company" or "issuer") for cash at a price of 36 per equity share (including a share premium of 26 per equity share) ("issue price") aggregating to 10.11 Crores ("issue" ) of which 1,44,000 equity shares of face value of (Rs) 10.00 each for a cash price of 36 per equity share, aggregating to 0.52 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 26,64,000 equity shares of face value of (Rs) 10.00 each at an issue price of 36 per equity share aggregating to 9.59 Crores (is hereinafter referred to as the "net issue"). The issue and the net issue will constitute 28.06% and 26.62%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs) 10.00 each and the issue price is 36. The issue price is 3.6 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
01-Jun-18
06-Jun-18
36.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 3000   Further Multiples of : 3000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
10.11
Hem Securites Ltd
Project Financed through Current Offer
10.11
 
Post Issue Equity Share Capital
10.01
 
Issue Price
36.00
 
Projects
Funding the Working Capital Requirements of the company
Repayment of Unsecured Loan availed by the company
To meet General Corporate Expenses
Promoted By
Jayeshbhai Chhabildas Shah
Deepaben Jayeshbhai Shah
Listing At
NSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd
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