Steel City Securities Ltd
|
Registered Office:
49-52-5/4,Shanthipuram
,
Visakhapatnam
-
530016
,
Andhra Pradesh
, India.
Phone :
91-0891-2563581 Fax:91-0891-2563585
Email : ramu.n@steelcitynettrade.com
Website : www.steelcitynettrade.com
|
Public offer of 49,08,000 equity shares of face value of (Rs)10 each ("equity shares") of Steel City Securities Limited (the "company" or the "issuer") for cash at a price of (Rs)55 per equity share (including a share premium of (Rs)45 per equity share) aggregating upto (Rs)26.99 crores consisting of a fresh issue of 27,26,183 equity shares aggregating upto (Rs)14.99 crores (the "fresh issue") and an offer for sale of 21,81,817 equity shares of the company comprising of 8,94,809 equity shares by Mr. G. Sree Rama Murthy, 5,96,540 equity shares by Mr. K. Satyanarayana and 6,90,468 equity shares by Mr. G. Rajagopal Reddy (collectively the "selling shareholders") ("offer for sale") aggregating to (Rs)12 crores (the "offer") (the "offer for sale" and the "fresh issue" are together referred to as, the "offer"). of the offer, 2,46,000 equity shares of face value of (Rs)10 each for a cash price of (Rs)55 per equity share, aggregating to 1.35 crores will be reserved for subscription by market maker ("market maker reservation portion"). The offer less the market maker reservation portion i.e. Offer of 46,62,000 equity shares of face value of (Rs)10 each at an offer price of (Rs)55 per equity share aggregating to 25.64 crores is hereinafter referred to as the "net offer". The offer and the net offer will constitute 32.49% and 30.86 %, respectively of the post issue paid up equity share capital of the company.
The Face value of the equity shares is (Rs)10 each. The Offer price is (Rs)(Rs)55 per equity share and is 5.5 times of the face value.
|
Issue
|
Money Payable On
|
Opens On
|
Closes On
|
Application
|
Allotment
|
06-Feb-17
|
09-Feb-17
|
(Rs)55.00-0.00
|
(Rs)0.00-0.00
|
Minimum Application for shares in Nos :2000 Further
Multiples of :2000
|
|
(Rs Cr)
|
Lead Managers to the Issue
|
Project Cost
|
14.99
|
Keynote Corporate Services Ltd |
Project Financed through Current Offer
|
26.99
|
|
Post Issue Equity Share Capital
|
15.11
|
|
Issue Price
|
(Rs)55.00
|
|
|