IPO Synopsis

Sudar Industries Ltd
Registered Office: Plot No 27 & 29 Village Paud,Mazgaon Road Taluka Khalapur,Raigad-410222, Maharashtra
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Public issue of 90,88,000 equity shares of Rs. 10/- each of sudar Garments Limited (The 'Company" or The 'Issuer') for cash at a price of Rs. 77 per equity share, including a share premium of Rs. 67 per equity share, aggregating to Rs. 69.98 crores (The 'Issue'). The issue would constitute 49% of the fully diluted post-issue paid up capital of the company. The face value of the equity shares is Rs. 10/-. The issue price is Rs. 77 and is 7.7 times the face value of the equity share
Issue Money Payable On
Opens On Closes On Application Allotment
21-Feb-2011 24-Feb-2011 ₹77.00 - 0.00 ₹0.00 - 0.00
Minimum Application for shares in Nos : 81 Further Multiples of :81
(₹ Cr) Lead Managers to the Issue
Project Cost 74.77 Ashika Capital Ltd
Project Financed through Current Offer 69.98
Post Issue Equity Share Capital 18.55
Issue Price 77.00
Projects
Expansion of the existing apparel manufact. unit
Meeting working capital requirement
Setting up retail outlets and brand building
Meeting general corporate expenses
Promoted By
Murugan Muthiah Thevar
Listing At
BSE
NSE
Registrar To The Issue