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IPO

IPO Details


Shanti Educational Initiatives Ltd
Registered Office: A Wing 604 Mondeal Square, SG Highway Prahaladnagar, Ahmedabad - 380015, Gujarat
Phone:
Email: info@seil.edu.in
Website: www.sei.edu.in
Public issue of 44,00,000 equity shares of Rs. 10 each ("equity shares") of Shanti Educational Initiatives Limited ("SEIL" or the "company" or the "issuer") for cash at a price of Rs. 90 per share (the "issue price"), aggregating to Rs. 39.60 crores ("the issue") consisting of an offer for sale of 36,00,000 equity shares by the selling shareholders aggregating to Rs. 32.40 crores and fresh issue of 8,00,000 equity shares aggregating to Rs. 7.20 crores, of which, 2,40,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 41,60,000 equity shares of Rs. 10 each is hereinafter referred to as the "net issue". The issue and the net issue will constitute 27.33% and 25.84%, 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 of Rs. 90 is 9.0 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
01-Jun-2016 06-Jun-2016 ₹ 90.00 ₹ 0.00
Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0
(₹)Cr. Lead Managers to the Issue
Project Cost 7.20 Guiness Corporate Advisors Pvt Ltd
Project Financed through Current Offer 39.60
Post Issue Equity Share Capital 16.10
Issue Price ₹90.00
Projects
Construction of School Building
General Corporate Expenses
Promoted By
Vedprakash D Chiripal
Brijmohan D Chiripal
Vishal V Chiripal
Listing At
BSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

83,569.50 813.99 (0.98%)

Nifty

25,489.60 244.85 (0.97%)

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