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South West Pinnacle Exploration Ltd
South West Pinnacle Exploration Ltd
Registered Office : Ground Plaza,No 15 Sector-44,Gurgaon Haryana 122003 Phone : 91-124-4235400
Fax : 91-124-4235402
Email : secretarial@southwestpinnacle.com
Website : www.southwestpinnacle.com
Initial public offer consisting of fresh issue of 45,96,800 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 78 Per equity share (the "issue price") (including a share premium of Rs. 68 Per equity share) aggregating up to Rs. 35.86 crores (the "issue"), of which 2,35,200 Equity shares of face value of Rs. 10/- each for cash at a price of Rs. 78/- per equity share, aggregating Rs. 1.83 crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion") and 80,000 Equity shares of Rs. 10/- each for cash at price of Rs. 78 Per equity share aggregating Rs. 0.62 crores will be reserved for subscription by eligible employees (the "employees reservation portion"). The issue less market maker reservation portion and employees reservation portion i.e. Issue of 42,81,600 Equity shares of face value of Rs. 10/- each for cash at a price of Rs. 78/- per equity share, aggregating Rs. 33.40 crores is hereinafter refered to as the "net issue". The issue and the net issue will constitute 32.95% and 30.69% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of equity shares is Rs.10 each. The issue price is Rs.78 and is 7.8 times the face value of the equity shares.
Opens On
Closes On
06-Feb-2018
08-Feb-2018
Application
Allotment
78.00
0.00
Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
36.28
35.86
13.95
78.00
Pantomath Capital Advisors Pvt Ltd
- Repayment / Prepayment of certain unsecured borrowings availed by the company
- Funding the working capital requirements of the company
- General corporate purposes
- Repayment/prepayment of certain secured borrowings availed by the company
- Purchase of Machinery
- Vikas Jain
- Piyush Jain
- NSE - SME
- MUFG Intime India Pvt Ltd