Sheela Foam's IPO bid opens on November 29
DSIJ Intelligence / 22 Nov 2016
The IPO comprises of an Offer for Sale of such number of Equity Shares aggregating up to Rs. 5,100 million by Polyflex Marketing Private Limited. (“Selling Shareholder”).
Sheela Foam Limited is one of India’s leading manufacturer of mattresses under the brand name “sleepwell”. The company will be launching its initial public offering which is scheduled to open on November 29, 2016 and close on December 1, 2016, with a price band of Rs. 680 – Rs. 730 per Equity Share of Face Value of Rs. 5 each of the Company (the “Equity Shares”).
The Company may, in consultation with the Book Running Lead Managers, consider participation by Anchor Investors. The Anchor Investors shall Bid during the Anchor Investor Bidding Date, i.e., one Working Day prior to the Bid/Offer Opening Date.
The IPO comprises of an Offer for Sale of such number of Equity Shares aggregating up to Rs. 5,100 million by Polyflex Marketing Private Limited. (“Selling Shareholder”).
The details of the IPO issue are as follows:-
- Price Band: 680 to 730 per Equity Share of Face Value of 5 each.
- The Floor Price is 136 times of the Face Value and the Cap Price is 146 times of the Face Value.
- Bid can be made for a minimum of 20 Equity Shares and in multiples of 20 Equity Shares thereafter.
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