IPO Issue Details
Issue Price / Price Band₹43 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size32,25,000 shares (aggregating up to ₹13.87 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 15 Nov 2017
Subscription CloseFri, 17 Nov 2017
Anchor AllotmentTue, 14 Nov 2017
Basis of AllotmentMon, 27 Nov 2017
Initiation of RefundsFri, 24 Nov 2017
Credit of Shares to DematFri, 24 Nov 2017
Listing DateMon, 27 Nov 2017
UPI Mandate Deadline2017-11-17
Application & Investment Details
Retail — Min (1 Lots)129000 — 3000 shares
Retail — Max (13 Lots)₹1,677,000 (13 Lots)
HNI — Min (2 Lots)258000 — 6000 shares
Net Offer to Public30,60,000 shares (aggregating up to ₹13.16 Cr)
Reserved for Market Maker1,65,000 shares (aggregating up to ₹0.7095 Cr)
Pre-IPO Promoter Holding76,00,000 shares
Post-IPO Promoter Holding1,08,25,000 shares
About Sharika Enterprises
Incorporated in 1998, Sharika Enterprises is engaged in Engineering Procurement Construction (EPC) contracts, specialized assembling, trading activities, Erection Services, representation services to majorly power Generation, Transmission and Distribution sector.Sharika Enterprises project portfolio also include installing power transmission EHV cables, designing & installing EMS (Energy Management System) and allied distribution automation Equipments such as Autoreclosers, fault passage indicators (FPI) etc., designing and installing of Solar Power Generation plants.Sharika Enterprises is based out of Noida and have assembling unit in Jammu and Noida.Services provided by Sharika Enterprises1. Engineering Procurement Constructions (EPC)2. Representative Services3. Other consultancy Services
Objects of the Issue
Sharika Enterprises proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Working Capital Requirement
9.91
2
Public Issue Expenses
1.05
3
General Corporate Expenses
2.91
Shareholding & Lock-in
Pre-IPO Promoter Holding
76,00,000 shares
Post-IPO Promoter Holding
1,08,25,000 shares