Market & News

Registered Office: 503 Sun Square Nr Hotel Nest,Off C.G. Road Navrangpura, Ahmedabad - 380006, Gujarat, India.
Phone : 91-079-48975503   Fax:
Email :  compliance@scarnose.com  
Website :  www.scarnose.com

Initial public offer of 12,00,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Scarnose International Limited (the "Company" or the "Issuer") for cash at a price of Rs. 55 per equity share, including a share premium of Rs. 45 per equity share (the "Issue Price"), aggregating to Rs. 6.60 crores ("The Issue"), of which 60,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 55 per equity share, aggregating to Rs. 0.33 crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 11,40,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 55 per equity share, aggregating to Rs. 6.27 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 38.09% and 36.19% respectively of the post issue paidup equity share capital of the company. The face value of the equity share is Rs. 10 each and the issue price is Rs. 55/- each i.e., 5.5 times of the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.