Registered Office:
UG-2 Office Floor J.K.Complex,Nanaji Nagar Nagpur Road,
Chandrapur
-
442401,
Maharashtra, India.
Phone : +91 99608 15166
Fax : NA
Initial public offer of up to 22,08,000 equity shares of face value of (Rs) 10/- each of Sai Urja Indo Ventures Limited ("Sai Urja" or the "Company" or the "Issuer") for cash at an offer price of (Rs) 113 per equity share (the "Offer Price"), aggregating up to (Rs) 24.95 Crores, comprising of a fresh issue of up to 18,28,800 equity shares of face value of (Rs) 10/- each aggregating to (Rs) 20.67 Crores by the company ("Fresh Issue") and an offer for sale of up to 3,79,200 equity shares of face value of (Rs) 10/- each by Santosh Ajay Kumar Mittal and Harsh Ajaykumar Mittal ("the Promoter Selling Shareholders") aggregating to (Rs) 4.28 Crores ("Offer For Sale"). Out of the offer up to [*] equity shares of face value of (Rs) 10/- each, at an offer price of (Rs) 2,16,000 per equity share for cash, aggregating to (Rs) 2.44 Crores will be reserved for subscription by the market maker to the offer ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 19,92,000 equity shares of face value of (Rs) 10/- each, at an offer price of (Rs) 113 per equity share for cash, aggregating to (Rs) 22.51 Crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 28.91% and 26.08%, respectively of the post offer paid up equity share capital of the company.
Price Band: (Rs) 107/- to (Rs) 113/- per equity share of face value of (Rs) 10/- each.
The floor price is (Rs)107/- 10.7 times of the face value of the equity shares and at the cap price is (Rs)113/- 11.3 times of the face value of the equity shares.
Application shall be made for a minimum of 2 Lakhs and of 2 lots and in multiples of 1,200 equity shares thereafter.
Opens On
Closes On
Application
Allotment
25-Sep-26
29-Sep-26
107.00-113.00
0.00-0.00
Minimum Application for shares in Nos :
2400
Further Multiples of :
1200
(Rs.Cr)
Lead Managers to the Issue
Project Cost
0.00
Shannon Advisors Private Limited
Project Financed through Current Offer
23.63
Post Issue Equity Share Capital
7.64