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06 August 2020

IPO Synopsis

Suratwwala Business Group Ltd
Registered Office: S No 4/38 Sumangal First Floor,SahakarCol behindSBI Erandwane , Pune - 411004 , Maharashtra , India.
Phone : 91-20-25434392   Fax:
Email :  cs@suratwwala.co.in  
Website :  www.suratwwala.co.in
Initial Public Offer of 46,00,000 Equity Shares of face value of (Rs)10 each (the "Equity Shares") of Suratwwala Business Group Limited ("the company" or "sbgl" or "the issuer") at an issue price of (Rs)15 per Equity Share for cash, aggregating up to (Rs)6.9 Crores ("public issue") out of which 240000 Equity Shares of face value of (Rs)10 each, at an issue price of (Rs)15 per equity Share for cash, aggregating (Rs)0.36 Crores will be reserved for subscription by the market maker to the issue (the "market Maker reservation portion"). The public issue less market maker reservation portion i.e. Issue of 4360000 Equity Shares of face value of (Rs)10 each, at an issue price of (Rs)15 per Equity Share for cash, aggregating upto (Rs)6.54 Crores is herein after referred to as the "net issue". The public issue and net issue will constitute 26.53% and 25.49% respectively of the post issue paid-up Equity Share capital of the company. The face value of equity shares 1.5 times of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
03-Aug-20 05-Aug-20 (Rs)15.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :8000  Further Multiples of :8000

  (Rs Cr) Lead Managers to the Issue
Project Cost 6.90
Hem Securities Ltd
Project Financed through Current Offer 6.90  
Post Issue Equity Share Capital 17.34  
Issue Price (Rs)15.00  
 
Projects
To Meet Working Capital RequirementsGeneral Corporate Purpose
Promoted By
Jatin Dhansukhlal Suratwala  
Manoj Dhansukhlal Suratwala  
Listing At
BSE - SME 
Registrar to the Issue
Link Intime India Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS