IPO Issue Details
Issue Price / Price Band₹65 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size200 Shares per Lot
Total Issue Size1,07,69,200 shares (aggregating up to ₹70.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 25 Aug 2015
Subscription CloseThu, 27 Aug 2015
Anchor AllotmentMon, 24 Aug 2015
Basis of AllotmentWed, 02 Sep 2015
Initiation of RefundsThu, 03 Sep 2015
Credit of Shares to DematThu, 03 Sep 2015
Listing DateThu, 10 Sep 2015
UPI Mandate Deadline2015-08-27
Application & Investment Details
Retail — Min (1 Lots)₹13,000 — 200 shares
Retail — Max (13 Lots)₹169,000 (13 Lots)
HNI — Min (16 Lots)₹2,08,000 — 3,200 shares
Pre-IPO Promoter Holding2,14,76,824 shares
Post-IPO Promoter Holding3,02,19,435 shares
Fresh Issue Shares87,42,611 shares (aggregating up to ₹56.83 Cr)
Offer for Sale Shares20,26,589 shares of ₹10 (aggregating up to ₹13.17 Cr)
About Shree Pushkar Chemicals & Fertilisers Ltd.
Incorporated in 1993, Shree Pushkar Chemicals & Fertilisers Limited is Mumbai India based manufacturer of widest range of dye intermediates in India with zero waste. Company has a manufacturing facilities located at Lote Parshuram, Maharashtra.Company is also amongst India's large manufacturers of K-Acid, a dye intermediate used to manufacture Reactive Dyes for dying of textiles, with an installed capacity of 960 MTPA as on March 31, 2015.Company manufacture products in 4 major verticals:1. Dye Intermediates,2. Acid Complex (comprising sulphuric and its derivative acids),3. Cattle Feed Supplement and4. Fertilizers (Single Super Phosphate & Soil Conditioner).As on Aug 10th 2015, company's Promoter and Promoter Group hold 87.96% while the balance 11.72% is held by IFCI Venture Capital Fund (IEDF). Company have a total workforce of 529 including 10 senior executives, 26 managerial and supervisory staff, 66 office staff, 125 skilled and unskilled workers, 54 contract labourers and 248 casual labourers.
Objects of the Issue
Shree Pushkar Chemicals & Fertilisers Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Acquisition of an existing factory within MIDC Industrial Area Lote-Parshuram bearing no. B-97
2.29
2
2 Setting up of facilities at B-97 for manufacture of : i. Reactive Dyes with a capacity of 3000 TPA ii. H-Acid with a capacity of 750 TPA iii. Vinyl Sulphone (VS) Ester with a capacity of 1,000 TPA
41.59
3
3 Setting up of additional effluent treatment plant at the existing facility (Unit I) to make the unit a “Zero Discharge” unit
4.88
4
4 Construction of additional Godown(s) at our existing facility (Unit II) for meeting the additional storage requirements for finished goods.
2.38
5
5 General Corporate Purposes
40,00,000.00
6
6 Preliminary & Pre-operative and Issue expenses
7.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
2,14,76,824 shares
Post-IPO Promoter Holding
3,02,19,435 shares