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18 August 2017

IPO Synopsis

Vadivarhe Speciality Chemicals Ltd
Registered Office: Gat No 204 Vadivarhe Igatpuri, , Igatpuri - 422403 , Maharashtra , India.
Phone : 91-2553-282200/282238   Fax:
Email :  cs@vscl.co.in  
Website :  www.vscl.net.in
Initial Public Issue of 34,44,000 Equity Shares of Face Value of (Rs)10 Each ("Equity Shares") of Vadivarhe Speciality Chemicals Limited ("the Company" or "Issuer") for cash at a Price of (Rs)42 Per Equity Share (Including a Share Premium of (Rs)32 Per Equity Share) ("Issue Price") Aggregating to (Rs)14.47 crores ("Issue") Consisting of a Fresh Issue of 6,89,000 Equity Shares of Face Value of (Rs)10 each ("Equity Shares") For cash at a Price of (Rs)42 Per Equity Share aggregating to (Rs)2.89 crores ("Issue") and 27,55,000 Equity Shares of Face Value of (Rs)10 each ("Equity Shares") for cash at a price of (Rs)42 Per Equity Share Aggregating to 11.57 crores through an offer for Sale By Mr. Sunil Haripant Pophale (Referred as Promoter Selling shareholder) of Which 1,80,000 Equity Shares of Face value of (Rs)10 Each for a Cash Price of (Rs)42 Per Equity Share, Aggregating to (Rs)0.76 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 32,64,000 Equity Shares of Face Value of (Rs)10.00 each at an Issue Price of (Rs)42 Per Equity Share aggregating to (Rs)13.71 crores (is Hereinafter referred to as The "Net Issue"). The issue and the Net Issue will Constitute 26.94% and 25.53%, Respectively of the 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 (Rs)42. The Issue Price Is 4.2 Times of the face Value.

Issue Money Payable On
Opens On Closes On Application Allotment
22-May-17 25-May-17 (Rs)42.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Hem Securities Ltd
Project Financed through Current Offer 14.46  
Post Issue Equity Share Capital 12.78  
Issue Price (Rs)42.00  
 
Projects
To meet working capital requirementGeneral corporate purpose
Promoted By
Sunil Haripant Pophale  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
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