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Welcome to our analysis of SHIVA CEMENT LTD’s public offering. This post provides an overview of the company’s Initial Public Offering (IPO), which runs from 22 Apr 2024 to 06 May 2024. SHIVA CEMENT LTD, offers shares priced between 40.00 each, with a face value of ₹2.00 per share.
| Security Name | SHIVA CEMENT LTD |
|---|---|
| Start Date | 22-04-2024 |
| End Date | 06-05-2024 |
| Offer Price () | 40.00 |
| Face Value | 2.00 |
| Type Of Issue | RI |
| Issue Status | Live |
| Letter Of Offer | Click here |
| Application Form | Click here |
| Abridged LOF | Click here |
| Security Type | Equity |
| Issue Period | 22 Apr 2024 to 06 May 2024 |
| Issue Size – No.of Shares | 10,00,00,000 |
| Price (Inclusive Of Premium) | 40.00 |
| Market Lot | 1 |
| LTP | 44.13 |
| Book Running Lead Manager | JM Financial Limited |
| Registrar | KFin Technologies Limited |
| BSE Bid Quantity (ASBA) | 46,93,659 As on Apr 26 2024 5:00PM |
| Remarks | Notice no:20240418-14 |
| Notes | This issue of up to 10,00,00,000 Rights Equity Shares for cash at a price of Rs 40 per Rights Equity Share (including a premium of Rs 38 per Rights Equity Share) aggregating up to Rs 40,000 lakhs on a rights basis to the Eligible Equity Shareholders of our Company in the ratio of 20 Rights Equity Shares for every 39 fully paid-up Equity Shares held by the Eligible Equity Shareholders on the Record Date *Assuming full subscription |
The IPO, employing a book-building process, targets both non-institutional and qualified institutional investors. Bid quantities are capped at shares for non-institutional investors and shares for qualified institutional investors.
Exchange notices detail allocation to anchor investors, and KFin Technologies Limited acts as the registrar. are the sponsor banks.
