Sona Hi Sona Jewellers (Gujarat) Ltd IPO

IPO Synopsis

Initial Public Issue of 45,00,000 equity shares of face value of Rs. 10 each (equity shares) of Sona Hi Sona Jewellers (Gujarat) Limited (the company or the issuer) for cash at a price of Rs. 10 per equity share (the issue price), aggregating to Rs. 4.50 Crores (the issue), of which 2,40,000 equity shares of face value of Rs. 10 for cash at a price of Rs. 10 each aggregating Rs. 0.24 Crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less Market maker reservation portion i.e. Issue of 42,60,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 10 per equity share, aggregating to Rs. 4.26 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.81% and 25.38% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 and the issue price is 1 time of the face value. Minimum of 10000 equity shares and in multiples of 10000 equity shares thereafter.

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