Sangam Renewables Ltd IPO

IPO Synopsis

Public issue of 23,04,000 equity shares of Rs. 10/- each (Equity Shares) of Sangam Advisors Limited (SAL or The Company or The Issuer) for cash at price of Rs. 22/- per share (The Issue Price), aggregating to Rs. 5.07 crores (The Issue), of which, 3,42,000 equity shares of Rs. 10/- each will be reserved for subscription by Market Makers to the issue (The Market Makers Reservation Portion). The issue less the market maker reservation portion i.e. issue of 19,62,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 37.75% and 32.15%, respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs. 10. The issue price is Rs. 22. The issue price is 2.20 times of the face value.