Friday, 23 December 2016

Forthcoming IPOs : Prolife Industries Ltd.- 23 Dec 2016


Prolife Industries Ltd.
6,8,10,12 Hexon Arcade, Nr. Jayaben Modi Hospital, Valia Road, , Ankleshwar , Gujarat - 393002
Public Issue of 1110000 Equity Shares of Rs 10 each for Cash at a Premium of Rs 28 per share.
Issue Open Date Issue Closing Date Application Money Allotment Money
27/12/2016 30/12/2016 38 -
Lead Managers Registrar Listed at
SWASTIKA INVESTMART LIMITED Link Intime India Private Limited
C-13, Pannalal Silk Mills Compound, , L.B.S. Marg
, Bhandup (West)
, Mumbai , Maharashtra - 400078
Phone: 61715400 Fax: 25960329
NSE
Object of the issue
The objects of the Issue are:
1. Expansion of the existing manufacturing operations,
2. General Corporate Purpose,
3. Meeting Public Issue Expenses.
Project Cost
(Rs.)
ISSUE EXPENSES 3,500,000.00
GENERAL CORPORATE EXPS. 10,000,000.00
EXPANSION OF MANUFACTURING OPERATIONS 40,666,000.00
TOTAL COST 54,166,000.00
Means of Finance
(Rs.)
INTERNAL ACCRUALS 11,986,000.00
PUBLIC ISSUES 42,180,000.00
TOTAL COST 54,166,000.00
Promoted by
The Promoters of the Company are:
1. Mr. Manindersingh Satnamsingh Jolly
2. Mrs. Anureet Kaur Jolly

1. Mr. Manindersingh Satnamsingh Jolly : Mr. Manindersingh Jolly, aged 51 years, is the promoter of the company; He is a Bachelor of Science (B.Sc) and having more than two decades of experience in Chemical Industry. He is director of the company since incorporation and holds the position of Managing Director in the Company since November 1, 2010. He is actively involved in the activities of the Company including manufacturing, development of customize product and marketing of all chemical manufactured. He is the guiding force behind the strategic decisions of the Company.

Permanent Account Number : AAWPJ4437E
Passport Number : G0786038
Voter Identification No. : WDA2192755
Driving License : GJ1620040009650

2. Mrs. Anureet Kaur Jolly : Mrs. Anureet Kaur Jolly aged 49 years is the promoter of the company. She holds degree of Bachelor of Science (B.Sc), Post Graduate Diploma in Financial Management (PGDFM) and Post Graduate Diploma in System Management (PGDSM). She is having 7 years of experience in the chemical business. She is Non-Executive Director of the Company since October 31, 2009 and is entrusted with the responsibility of looking after the overall management and operations of the Company.

Permanent Account Number : AEAPJ6658R
Passport Number : H2919082
Voter Identification No. : WDA2192722
Driving License : GJ16/013632/07

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