IPO Issue Details
Issue Price / Price Band₹24 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size31,92,000 shares (aggregating up to ₹7.66 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 30 Jun 2016
Subscription CloseTue, 05 Jul 2016
Anchor AllotmentWed, 29 Jun 2016
Basis of AllotmentMon, 11 Jul 2016
Initiation of RefundsTue, 12 Jul 2016
Credit of Shares to DematTue, 12 Jul 2016
Listing DateThu, 14 Jul 2016
UPI Mandate Deadline2016-07-05
Application & Investment Details
Retail — Min (1 Lots)₹1,44,000 — 6,000 shares
Retail — Max (13 Lots)₹1,872,000 (13 Lots)
HNI — Min (2 Lots)₹2,88,000 — 12,000 shares
Net Offer to Public30,24,000 shares (aggregating up to ₹7.26 Cr)
Reserved for Market Maker1,68,000 shares (aggregating up to ₹0.4032 Cr)
Pre-IPO Promoter Holding86,25,400 shares
Post-IPO Promoter Holding1,18,17,400 shares
About Commercial Syn Bags Ltd.
Incorporated in 1993, Commercial Syn Bags Limited is engaged in manufacturing of plastic and laminated coated bags. Information in this paragraph is copied from chittorgarh.com.They are one of the leading manufacturer and exporter of FIBC / Big Bag, PP Fabric, PP Woven Bag, BOPP Bags and Tarpaulin in India.Commercial Syn Bags produce 4-5 million Big Bags annually. Content in this paragraph is copied from chittorgarh.com.Company's product profile includes Builder Bag, FIBC- U-Panel and Circular, Baffle / Q-Bag, Tunnel Bag, Single Loop / Double Loop, UN Bags, Asbestos Bag, PP Container Bag, Bags with Liner Formfit / Bottle shaped, Tabbed, Glued, Box Bag, Polypropylene Woven bags, PP Fabric, Tarpaulin and BOPP Bags.
Objects of the Issue
Commercial Syn Bags Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment/ Prepayment of certain borrowings availed by the Company
4.03
2
2 Working Capital requirements
3.13
Shareholding & Lock-in
Pre-IPO Promoter Holding
86,25,400 shares
Post-IPO Promoter Holding
1,18,17,400 shares