| Initial public offer of 5,47,200 equity shares of Rs. 10 each ("Equity Shares") of SP Refractories Limited ("SPRL" or the "Company") for cash at a price of Rs. 90 per share (the "Issue Price"), aggregating to Rs. 4.92 crores ("The Issue"), consisting of fresh issue of 2,97,600 equity shares aggregating to Rs. 2.68 crores and an offer for sale of 2,49,600 equity shares comprising of 1,24,800 by Shweta Prabodh Kale and 1,24,800 by Prajakta Prabodh Kale ("The Promoters Selling Shareholder" or "The Selling Shareholder") aggregating to Rs. 2.24 crores ("Offer for Sale"), of which 28,800 equity shares of Rs. 10 each will be reserved for subscription by aggregating market maker to the issue (the "Market Maker Reservation Portion"). The issue less than the market maker reservation portion i.e. issue of 5,18,400 equity shares of Rs. 10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 30.58% and 28.97% respectively of the post issue paid up equity share capital of the company.
The face value of the equity share is Rs. 10 and the issue price is 9 times of the face value.
Bid can be made for minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.
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