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Sai Infinium Ltd.

IPO Details
  • Issue Type Book building
  • Price range
  • Market Lot
  • Total Equity Shares 19600000
  • Face Value Rs. 10
  • Listing Date
IPO Timeline
Opening date
Closing date
Listing Date

IPO Details

We operate from our manufacturing plant located at Survey No. 1020/ 1021/1 Paiky -B, Charmardi Village, taluka –Vallbhipur, Bhavnagar - 364310, Gujarat, area measuring 53,781 sq. meters’ with an installed capacity of 300 MetricTons (“MT”) per eight-hour shift for the production of TMT bars and MS billets. The plant manfuactures MS Billetsfrom various materials, including M S Scrap, waste and scrap of iron and steel, heavy melting scrap, shredded steelscrap, copper mould tube, HC silico manganese, HR coil, sponge iron and old & used MS plates. These MS Billetsare then used to produce TMT Bars. While iron and steel scrap are sourced from our own ship recycling unit, most ofthe other raw materials are sourced from external suppliers located in Gujarat, UAE, United Kingdom, USA andSingapore, on a sales contract basis. Our plant produces TMX bars in grades Fe 500, Fe 500 D, in sizes 8 MM, 10MM, 12 MM, 16 MM, 20 MM and 25 MM as well as 100 x 100 MS Billets. These TMT Bars are certified as a greenproduct by the CII - Green Products and Services Council.Our Ship Breaking Plant is located at Plot No. 158, Sosiya Ship Breaking Yard, Sosiya Village, Talaja Taluka,Bhavnagar – 364081, Gujarat. According to CARE report, India’s Alang ship-recycling yard, one of the largest in theworld, has over 140 recycling yards. India stands as the world’s second-largest player in the ship-recycling industry,only behind Bangladesh. The ship-recycling activities in India are also conducted in a limited manner at theKidderpore Docks, Syama Prasad Mookerjee Port, Kolkata; the Mumbai Port, and by the Steel Industrials KeralaLimited.

Projects

1. Project Name: Funding of capital expenditure requirements towards

Project Cost: 1303.344

2. Project Name: Funding of capital expenditure requirements towards

Project Cost: 1153.63

3. Project Name: Purchase of Cargo Vessel (“Ship Corsica”) for Ship

Project Cost: 191.407

Promoters

Prmoters Name

1. Ishu Bansal

2. Shivnarayan Bansal

3. Devansh Infinium Pvt Ltd.

Prmoters Holdings
  • Pre Share Capital: 50004960
  • Pre Promoter Holding: 85.43
  • Offer to Public: 19600000
  • Post Share Capital:
  • Post Promoter Holding:

Registrar

Registrar Name:Karvy Computershare Pvt Ltd
Phone: 91-040-67161500
Email: einward.ris@karvy.com
Website: www.karvy.com

Lead Managers

  • Sarthi Capital Advisors Pvt Ltd.

Subscription Details