IPO IPO-Synopsis
Suyog Gurbaxani Funicular Ropeways Ltd

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Registered Office: 18 Suyog Industrial Estate,1st Floor LBS Marg Vikhroli , Mumbai - 400083 , Maharashtra , India.
Phone : 91-22-2579 5516/2577 8029/2577 8030   Fax:
Email :  investor@sgfrl.com  
Website :  www.sgfrl.com
Public offer of 65,55,000 equity shares of Rs10 each ("Equity Shares") of Suyog Gurbaxani Funicular Ropeways Limited ("SGFRL" or The "Company") for cash at a price of Rs45 per share (The "Offer Price"), aggregating to Rs29.50 crores ("The Offer"), consisting of fresh issue of 15,00,000 equity shares aggregating Rs6.75 crores (The"Fresh Issue") and an offer for sale of 50,55,000 equity shares aggregating Rs22.75 crores comprising of 20,18,600 equity shares by Mr. Shivshankar Lature, 9,00,000 equity shares by Mr. Rajkumar Gurbaxani, 8,98,516 equity shares by Mr. Omprakash Gurbaxani (the promoter selling shareholders) 3,25,000 equity shares by MS. Subhshita Lature, 3,25,000 equity shares by Mr. Suyash Lature, 1,78,000 equity shares by Mrs. Jyoti Gurbaxani, 1,78,000 equity shares by Mrs. Veenu Gurbaxani, 1,11,884 equity shares by Mrs. Suchitra Lature, 60,000 equity shares by R D Gurbaxani HUF and 60,000 equity shares by O D Gurbaxani HUF (the promoter group selling shareholders) (the promoter selling shareholders and promoter group selling shareholders, collectively referred as "Selling Shareholders" and such offer for sale by the selling shareholders, the "Offer for Sale") of which 3,33,000 equity shares of Rs10 each will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 62,22,000 equity shares of Rs10 each is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 26.37% and 25.03%, respectively of the post offer paid up equity share capital of the company The Face Value of the equity shares is Rs10/- each. The offer price is 4.5 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
01-Nov-21 08-Nov-21 Rs45.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  Rs Cr Lead Managers to the Issue
Project Cost 6.75
Aryaman Financial Services Ltd
Project Financed through Current Offer 29.50  
Post Issue Equity Share Capital 24.86  
Issue Price Rs45.00  
Projects
Repayment of loansGeneral Corporate Purposes
Promoted By
Rajkumar Gurbaxani
Omprakash Gurbaxani
Shivshankar Lature
Listing At
BSE - SME 
Registrar to the Issue
KFin Techologies Ltd