Somi Conveyor Beltings Ltd IPO

Closed

Subscription Details

  • Open Date 24 Jun
  • Close Date 27 Jun
  • Lot Size 200
  • IPO Size ₹ 21.8 Cr
  • IPO Price Range ₹ 35
  • Min Investment ₹ 7000

Somi Conveyor Beltings Ltd IPO Timeline

Open Date
24 Jun
Close Date
27 Jun
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Issue of 62,27,860 equity shares of Rs. 10/- each at a price of Rs.35/- per equity share (including a Premium of Rs.25/-per Equity Share) of Somi Conveyor Beltings Ltd for cash aggregating to Rs.21.80 Crores (issue). The issue comprises of contribution by promoters, of 14,99,286 equity shares of Rs. 10/- each at a price of Rs.35 per equity share for cash aggregating to Rs.5.25 Crores (promoters contribution portion), and the net issue to the public of 47,28,574 equity shares of Rs. 10/- each at a price of Rs.35/- per equity share for cash aggregating to Rs.16.55 Crores (net issue to public) including an allocation of atleast 10% of the net issue to the public to Aualified Institutional Buyers (QIB Portion). The net issue to public would constitute 40% of the fully diluted post issue paid up capital of the company. The issue price is 3.5 times of the face value of the equity share.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Somi Conveyor Beltings Ltd IPO

Contact Information

Address

4F-15 Oliver House,
New Power House Road,
Jodhpur, Rajasthan 342001

Somi Conveyor Beltings Ltd IPO Lead Manager

Ashika Capital Ltd
Open Demat Account