Somi Conveyor Beltings Ltd - Prospectus Synopsis

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

Phone : 91-0291-2765400  Fax :

Email :sales@somiconveyor.com; 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.

IssueMoney Payable On
Opens OnCloses OnApplicationAllotment
6/24/2008 12:00:00 AM 6/27/2008 12:00:00 AM Rs 35 - 0Rs 0 - 0
Minimum Application for shares in Nos : 200 Further Multiples of : 200
 Rs CrLead Managers to the Issue
Project Cost 35.09 Ashika Capital Ltd
Project Financed through Current Offer 21.8  
Post Issue Equity Share Capital 35.09  
Issue PriceRs. 35 
Projects
Setting up of new Manufacturing Unit
Promoted ByListing AtRegistrar to the Issue
Gaurav Bhansali
Om Prakash Bhansali
Vimal Bhansali
- Universal Capital Sec. Pvt Ltd