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IPO synopsis
Sonam Clock Ltd
Registered Office: Survey No 337/P Taluka Tankara , Morbi Rajkot Highway , Morbi - 363641 , Gujarat , India.
Phone:91-2822-285017   Fax:91-2822-285987
Email: info@sonamquartz.com   Website:www.sonamquartz.com
Initial public issue of 28,08,000 equity shares of face value of Rs. 10 each ("equity shares") of Sonam Clock Limited ("company" or "issuer") for cash at a price of 36 per equity share (including a share premium of 26 per equity share) ("issue price") aggregating to 10.11 Crores ("issue" ) of which 1,44,000 equity shares of face value of Rs. 10.00 each for a cash price of 36 per equity share, aggregating to 0.52 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 26,64,000 equity shares of face value of Rs. 10.00 each at an issue price of 36 per equity share aggregating to 9.59 Crores (is hereinafter referred to as the "net issue"). The issue and the net issue will constitute 28.06% and 26.62%, 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 36. The issue price is 3.6 times of the face value.

Money Payable On
Opens On
Closes On
01-Jun-18 06-Jun-18 Rs 36.00-0.00 Rs 0.00-0.00
Minimum Application for shares in Nos : 3000   Further Multiples of : 3000

Rs Cr
Lead Managers to the Issue
Project Cost 10.11
Hem Securites Ltd
Project Financed through Current Offer 10.11  
Post Issue Equity Share Capital 10.01  
Issue Price Rs.36.00  
Funding the Working Capital Requirements of the company Repayment of Unsecured Loan availed by the company
To meet General Corporate Expenses
Promoted By
Listing At
Registrar to the Issue
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Source:Capital Market

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