Shivam Cements Limited to issue initial public offering (IPO) from 06 Falgun 2075 for general public and locals of project affected areas. The issue will be close on 9 Falugn 2075. If not subscribe within 4 days, it will be remains open till 05 Chaitra 2075.
Interested applicants can apply minimum 50 units and maximum 44 lakh units.
For general public company will issue 10% or 44,00,000 units at the rate of Rs. 300 adding premium Rs. 200 in the face value of Rs. 100.
For locals, company has already issued 8,80,000 units & allotted 2,00,240 units of shares at the rate of Rs.300. Now, it had reduced price per share to Rs.200 from Rs.300 for locals. So, they will be given 1,00,120 units of share for locals.
Again the company is re-issuing 5,79,640 units of shares for locals at the rate of Rs.200. Interested locals can apply again.
Siddhartha capital limited has been appointed as issue manager.
Interest applicants can apply from all the C-ASBA approved Banks & financial institutions.
Currently its paid up capital is Rs.4.40 arba. After IPO issuance, paid up capital will reach to Rs. 5.89.
