Somi Conveyor Beltings Ltd RHP

Registered Office : 4F-15 Oliver House , New Power House Road , Jodhpur - 342001 , Rajasthan , India.

Phone : 91-0291-2765400  Fax :

Email : info@ombhansali.com    Website : www.somiconveyor.com

Issue of 62,27,860 equity shares of Rs. 10/- each at a price of Rs.35/- per equity share (including a Premium of Rs.25/-per Equity Share) of Somi Conveyor Beltings Ltd for cash aggregating to Rs.21.80 Crores (issue). The issue comprises of contribution by promoters, of 14,99,286 equity shares of Rs. 10/- each at a price of Rs.35 per equity share for cash aggregating to Rs.5.25 Crores (promoters contribution portion), and the net issue to the public of 47,28,574 equity shares of Rs. 10/- each at a price of Rs.35/- per equity share for cash aggregating to Rs.16.55 Crores (net issue to public) including an allocation of atleast 10% of the net issue to the public to Aualified Institutional Buyers (QIB Portion). The net issue to public would constitute 40% of the fully diluted post issue paid up capital of the company. The issue price is 3.5 times of the face value of the equity share.