Sadbhav Engineering Ltd IPO

IPO Synopsis

Public Issue of 29,00,000 Equity Shares of Rs. 10/- each issued for cash at a price of Rs.185/- per share aggregating Rs.53.65 crores by Sadbhav Engineering Limited (the company or Issuer)(hereinafter referred to as the Issue). The Issue comprises of reservation of 1,00,000 Equity Shares aggregating Rs.1.85 Crores for permanent employees on a competitive basis and the net issue to public of 28,00,000 Equity Shares aggregating Rs.51.80 Crores The Issue would constitute 26.61% of the fully diluted post issue paid up capital of the company. The Issue price is 18.5 times of the face value Rs.10/-

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