Shanti Educational Initiatives Ltd - Prospectus Synopsis

Shanti Educational Initiatives Ltd pdf Icon RHP

Registered Office : A Wing 604 Mondeal Square , SG Highway Prahaladnagar , Ahmedabad - 380015 , Gujarat , India.

Phone :   Fax :

Email :info@seil.edu.in    Website : www.sei.edu.in

Public issue of 44,00,000 equity shares of Rs. 10 each (equity shares) of Shanti Educational Initiatives Limited (SEIL or the company or the issuer) for cash at a price of Rs. 90 per share (the issue price), aggregating to Rs. 39.60 crores (the issue) consisting of an offer for sale of 36,00,000 equity shares by the selling shareholders aggregating to Rs. 32.40 crores and fresh issue of 8,00,000 equity shares aggregating to Rs. 7.20 crores, of which, 2,40,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 41,60,000 equity shares of Rs. 10 each is hereinafter referred to as the net issue. The issue and the net issue will constitute 27.33% and 25.84%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 90 is 9.0 times of the face value.

IssueMoney Payable On
Opens OnCloses OnApplicationAllotment
6/1/2016 12:00:00 AM 6/6/2016 12:00:00 AM Rs 90 - 0Rs 0 - 0
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
 Rs CrLead Managers to the Issue
Project Cost 7.2 Guiness Corporate Advisors Pvt Ltd
Project Financed through Current Offer 39.6  
Post Issue Equity Share Capital 7.2  
Issue PriceRs. 90 
Projects
Construction of School Building
Promoted ByListing AtRegistrar to the Issue
Brijmohan D Chiripal
Vedprakash D Chiripal
Vishal V Chiripal
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