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Swashthik Plascon Ltd
Registered Office:
A75-A76 PIPDIC Electronic Park,Thirubuvanai Manndipet Commune, Pondicherry. - 605107, Pondicherry, India.
Initial public offer of 47,39,200 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Swashthik Plascon Limited ("The Company" or "Swashthik" or "The Issuer") at an issue price of Rs. 86/- per equity share for cash, aggregating to Rs. 40.76 crores ("Public Issue") out of which 2,38,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 86/- per equity share for cash, aggregating to Rs. 2.05 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 45,00,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 86/- per equity share for cash, aggregating to Rs. 38.71 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.98% and 25.63% respectively of the post-issue paid-up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The issue price is 8.6 times the face value of the equity shares.
Issue
Opens On Closes On
24-Nov-23 29-Nov-23
Money Payable On
Application Allotment
86.00 0.00
Minimum Application for shares in Nos : 1600  Further Multiples of : 1600
()(Cr.) Lead Managers to the Issue
Project Cost () 36.49 Shreni Shares Ltd
Project Financed through Current Offer () 40.76  
Post Issue Equity Share Capital () 17.56  
Issue Price () 86.00  
Projects
Funding capital expenditure for developing new manufacturing facilities and installation of plant and machinery
Fundng of capital expenditure requirements of the company towards set up solar power plant
Purchase of plant and machinery at its existing manufacturing facility
Funding working capital requirements of the company
General corporate purposes
Promoted By
Parasmal Mahendra Kumar
Parasmal Ravindra Kumar
Parasmal Dharmendra Kumar
Listing At
BSE - SME
Registrar to the Issue