Sebon has granted approval to Shivam cements to issue IPO at premium. The cements company will be issuing 2% or 8,80,000 units to local people of projected affected areas at the rate of Rs. 300 adding premium Rs.200 in the face value of Rs.100.
For general public company will issue 10% or 44,00,000 units at the rate of Rs. 400 adding premium Rs. 300 in the face value of Rs. 100.
Siddhartha capital limited has been appointed as issue manager.
Currently its paid up capital is Rs.4.40 arba. After IPO issuance, paid up capital will reach to Rs. 5.89.
