IPO Issue Details
Issue Price / Price Band₹15 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size8,000 Shares per Lot
Total Issue Size23,28,000 shares (aggregating up to ₹3.49 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 30 Sep 2016
Subscription CloseThu, 06 Oct 2016
Anchor AllotmentThu, 29 Sep 2016
Basis of AllotmentWed, 12 Oct 2016
Initiation of RefundsThu, 13 Oct 2016
Credit of Shares to DematThu, 13 Oct 2016
Listing DateMon, 17 Oct 2016
UPI Mandate Deadline2016-10-06
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 8,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 16,000 shares
Net Offer to Public22,08,000 shares (aggregating up to ₹3.31 Cr)
Reserved for Market Maker1,20,000 shares (aggregating up to ₹0.1800 Cr)
Pre-IPO Promoter Holding62,92,000 shares
Post-IPO Promoter Holding86,20,000 shares
About Shashijit Infraprojects Ltd.
Incorporated in 1991, Shashijit Infraprojects Ltd constructs, builds, and develops industrial infrastructure facilities, driveways, public utilities, powerhouse buildings, factories, and other immovable properties. The company is headquartered in Vapi, India.They have executed various industrial and residential projects in Gujarat particularly in Vapi, Surat, Silvassa and Union Territory Daman.
Objects of the Issue
Shashijit Infraprojects Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Purchase of machinery and equipment
1.20
3
3 General Corporate Purposes
0.64
4
4 Working Capital Requirements
0.90
Shareholding & Lock-in
Pre-IPO Promoter Holding
62,92,000 shares
Post-IPO Promoter Holding
86,20,000 shares