| Initial public offer of 54,00,000 equity shares of Rs. 10/- each ("Equity Shares") of Sheel Biotech Limited ("S B L" or The "Company") for cash at a price of Rs. 63/- per equity share (The "Issue Price"), aggregating to Rs. 34.02 crores ("The Offer"). Out of the issue 2,72,000 equity shares aggregating to Rs. 1.71 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 51,28,000 equity shares of face value of Rs. 10.00/- each at an issue price of Rs. 63/- per equity share aggregating to Rs. 32.31 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.53% and 25.20%, respectively of the post issue paid up equity share capital of the Company.
Price Band: Rs. 59/- to Rs. 63/- for equity share of face value of Rs. 10 each.
The floor price is 5.90 times times the face value and cap price is 6.30 times of the face value of the equity shares.
Bids can made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter. |