IPO Issue Details
Issue Price / Price Band₹12 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size30,00,000 shares (aggregating up to ₹3.60 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 08 Sep 2014
Subscription CloseWed, 10 Sep 2014
Anchor AllotmentSun, 07 Sep 2014
Basis of AllotmentTue, 16 Sep 2014
Initiation of RefundsWed, 17 Sep 2014
Credit of Shares to DematWed, 17 Sep 2014
Listing DateWed, 24 Sep 2014
UPI Mandate Deadline2014-09-10
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 10,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 20,000 shares
Net Offer to Public28,50,000 shares (aggregating up to ₹3.42 Cr)
Reserved for Market Maker1,50,000 shares (aggregating up to ₹0.1800 Cr)
Pre-IPO Promoter Holding72,55,092 shares
Post-IPO Promoter Holding1,02,55,092 shares
About Sirohia & Sons Ltd.
Incorporated in 1990, Sirohia & Sons is engaged in the business of dealing in fertilizers and pesticides catering primarily to Tea Industry located in the North East region of the Country, particularly the state of Assam and West Bengal. It receives orders of the specific fertilizers and pesticides required by the Tea Estates through its direct marketing and procure them from the manufacturers which are mostly multinational companies like BASF India Limited, Bayer Cropscience India Limited, Biostadt India Limited, DIC India Limited etc,.Some of the products which the company is deal in includes DELTAMETHREINE, CYPERMETHRIN, BACILLUS, THIACLOPRID and METHOMYL.
Objects of the Issue
Sirohia & Sons Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Long Term Working Capital
2.70
2
2 General corporate purpose
0.40
Shareholding & Lock-in
Pre-IPO Promoter Holding
72,55,092 shares
Post-IPO Promoter Holding
1,02,55,092 shares