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 Date Issue Closing Date Application Money Allotment Money 10/03/2017 17/03/2017 30 -
Lead Managers Registrar Listed 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 EXPENSES 63,140,000.00 WORKING CAPITAL REQUIREMENTS 40,000,000.00 TOTAL COST 109,080,000.00
Means of Finance   (Rs.) PUBLIC ISSUES 109,080,000.00 TOTAL COST 109,080,000.00
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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