| SKP Bearing Industries Ltd |
|
Registered Office:
Survey No 2127 Mulchand Road,Wadhwan
,
Surendranagar
-
363030
,
Gujarat
, India.
Phone :
91-98242 31243 Fax:
Email : info@skpbearings.com
Website : www.skpbearings.com
|
Initial public offering of 44,00,000 equity shares of face value of  10 each ("Equity Shares") of SKP Bearing Industries Limited ("SKP" or "The Company" or "The Issuer") for cash at a price of 70 per equity share (including a premium of 60 per equity share) ("Offer Price") aggregating 30.80 crores comprising of fresh offer of 16,00,000 equity shares aggregating to 11.20 crores ("Fresh Offer") and an offer for sale of 28,00,000 equity shares by Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar ("Selling Shareholders") aggregating to 19.60 crores ("Offer for Sale") ("The Offer") of which 2,20,000 equity shares aggregating to 1.54 crores will be reserved for subscription by market maker ("Mmarket Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 41,80,000 equity shares of face value of 10 each at an offer price of 70 per equity share aggregating to 29.26 crores ("Net Offer"). The offer and the net offer will constitute 26.51% and 25.18% of the post-offer paid-up equity share capital of the company.
The face value of the equity shares is 10 each and the offer price is 7 times of the face value.
|
| Issue |
Money Payable On |
|
| Opens On |
Closes On |
Application |
Allotment |
|
| 30-Jun-22 |
05-Jul-22 |
Rs70.00-0.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :2000 Further Multiples of :2000 |
| |
RsCr |
Lead Managers to the Issue |
|
| Project Cost |
10.95 |
|
| Project Financed through Current Offer |
30.80 |
|
| Post Issue Equity Share Capital |
16.60 |
|
| Issue Price |
Rs70.00 |
|
|