Tuesday, 14 March 2017

IPO : Sarthak Metals Ltd.

Sarthak Metals Ltd.
BBC Colony, G.E Road, Khursipar, , Bhilai , Chattisgarh - 490011
Phone: 3290584 Fax: 2225874
Public Issue of 3636000 Equity Shares of Rs 10 each for Cash at a Premium of Rs 20 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
10/03/201717/03/201730-
Lead ManagersRegistrarListed at
GUINESS CORPORATE ADVISORS PVT. LTD.Bigshare Services Private Limited.
E-2 Ansa Industrial Estate, , Saki Vihar Road,
, Sakinaka,
, Mumbai , Maharashtra - 400072
Phone: 40430200 Fax: 28475207
BSE
Object of the issue
The offer consists of a Fresh Offer of 16,00,000 Equity Shares by the Company aggregating to Rs. 480.00 Lacs and an Offer for Sale of 20,36,000 Equity Shares aggregating to Rs. 610.80 Lacs by the Selling Shareholders.
Offer for Sale
The Company will not receive any proceeds from the Offer for Sale.
The Objects of the Fresh Offer
1. To repay existing working capital facilities of the Company,
2. To meet the part of General Corporate Purpose,
3. To meet the expenses of the Offer.
Project Cost
 (Rs.)
GENERAL CORPORATE EXPS.5,940,000.00
ISSUE EXPENSES63,140,000.00
WORKING CAPITAL REQUIREMENTS40,000,000.00
TOTAL COST109,080,000.00
Means of Finance
 (Rs.)
PUBLIC ISSUES109,080,000.00
TOTAL COST109,080,000.00
Promoted by
The Promoters of the Company are:
1. Mr. Anoop Kumar Bansal
2. Mr. Manoj Kumar Bansal
3. Mr. Kishore Kumar Bansal
4. Mr. Sanjay Shah

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