Subh Tex (India) Ltd IPO

IPO Synopsis

Public issue of 35,00,000 equity shares of Rs. 10 each (Equity Shares) of Subh Tex (India) Limited (The Company or The Issuer) for cash at par, aggregating Rs. 3.5 crores. (The Issue), of which 1,80,000 equity shares of face value of Rs. 10 each will be reserved for subscription by the Market Makers to the issue (The Market Maker Reservation Portion). The issue less Market Maker reservation portion i.e. issue of 33,20,000 equity shares of face value Rs. 10 each at par aggregating Rs. 3.32 crores is hereinafter referred ao as the Net Issue. The issue and the net issue will constitute 31.82% and 30.18% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 10 is 1 times of the face value.