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IPO

IPO Synopsis
Srivasavi Adhesive Tapes Ltd
Registered Office: No. B 100 KSSIDC Industrial,Estate Doddaballapura , Bangalore - 561203 , Karnataka , India.
Phone : 91-080-23629383   Fax:
Email :  investors@vasavitapes.com  
Website :  www.vasavitapes.com
Initial public offering of 37,80,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Srivasavi Adhesive Tapes Limited ("Srivasavi" or "The Company" or "The Issuer") for cash at a price of Rs. 41/- per equity share (including a premium of Rs. 31/- per equity share) ("Issue Price") aggregating Rs. 15.50 crores ("The Issue") of which 1,92,000 equity shares aggregating to Rs. 0.79 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 35,88,000 equity shares of face value of Rs. 10/- each at an issue price of Rs.41/- per equity share aggregating to Rs. 14.71 crores ("Net Issue"). The issue and the net issue will constitute 26.67% and 25.31% of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is 4.1 times of the face value. Minimum application size of 3000 equity shares and in multiples of 3000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
23-Feb-23 28-Feb-23 Rs41.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  Rs Cr Lead Managers to the Issue
Project Cost 13.94
Shreni Shares Pvt Ltd
Project Financed through Current Offer 15.50  
Post Issue Equity Share Capital 14.17  
Issue Price Rs41.00  
 
Projects
Funding working capital requirementsGeneral corporate purposes
Promoted By
D N Anilkumara
Ashwini D A
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd