Registered Office:
233/2 & 238/2 GIDC,POR Ramangamdi,
Vadodara -
391243,
Gujarat, India.
Phone : 91-265-2831850 Fax:91-265-2831848
Email : midas1002003@hotmail.com
Website : https://www.advancesyntex.com
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Public issue of 21,00,000 equity shares of face value of Rs. 10.00 each of Advance Syntex Limited ("The company" or "The issuer") for Cash at a price of Rs. 12.00 per equity share (including a share premium of Rs. 2.00 per equity share) ("issue price") aggregating to Rs. 2.52 Crores ("the issue"), of which 1,20,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 12.00 per equity share, Aggregating to Rs. 0.14 Crores will be reserved for subscription by market maker ("Market maker reservation portion"). The Issue less the market maker reservation portion i.e. issue of 19,80,000 equity shares of face value of Rs. 10.00 each at an issue price Of Rs. 12.00 per equity share aggregating to Rs. 2.38 Crores (Is hereinafter referred to as the "net issue"). The issue and the net issue will constitute 26.53% and 25.02%, respectively 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 Rs. 12.00 each. The issue price is 1.2 times of the face value.
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Issue |
Money Payable On |
Opens On |
Closes On |
Application |
Allotment |
30-Jun-16 |
04-Jul-16 |
12.00-0.00 |
0.00-0.00 |
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Minimum Application for shares in Nos :
10000
Further Multiples of :
10000
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Rs Cr |
Lead Managers to the Issue |
Project Cost |
2.17 |
Hem Securities Ltd
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Project Financed through Current Offer |
2.52 |
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Post Issue Equity Share Capital |
7.91 |
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Issue Price |
12.00 |
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