IPO Issue Details
Issue Price / Price Band₹22 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size45,66,000 shares (aggregating up to ₹10.05 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 01 Mar 2017
Subscription CloseFri, 03 Mar 2017
Anchor AllotmentTue, 28 Feb 2017
Basis of AllotmentThu, 09 Mar 2017
Initiation of RefundsFri, 10 Mar 2017
Credit of Shares to DematFri, 10 Mar 2017
Listing DateFri, 10 Mar 2017
UPI Mandate Deadline2017-03-03
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 6000 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 12,000 shares
Net Offer to Public43,32,000 shares (aggregating up to ₹9.53 Cr)
Reserved for Market Maker2,34,000 shares (aggregating up to ₹0.5148 Cr)
Pre-IPO Promoter Holding1,27,01,700 shares
Post-IPO Promoter Holding1,72,67,700 shares
About Sanginita Chemicals Ltd
Incorporate in 2005, Sanginita Chemicals Limited manufactures and exports cuprous chloride, copper sulphate, and cupric chloride. They offers a wide selection of products for the surface coating industry covering decorative and industrial paints, protective coatings, printing inks and adhesives.Their products are used in dyes and pigment industries, paint industries, pharmaceuticals industries, electroplating industries, metal extraction industries and ink, carbon paper, PVC pipe coating industries, etc. They offer tailor-made solutions to their customers to meet their specific requirements.
Objects of the Issue
Sanginita Chemicals Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Working Capital Requirement
9.19
2
General Corporate Purpose
0.41
3
Public Issue Expenses
0.45
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,27,01,700 shares
Post-IPO Promoter Holding
1,72,67,700 shares