Sheetal.Com (India) Ltd.
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  • Issue Opens: Opening Shortly
  • Offer Price: Rs.10/- per share (FV - Rs.10/-)
  • Issue Size: 40,00,000 shares amounting to Rs.40 million
  • Registrars to the Issue: Chanakya Infofin Services Pvt. Ltd.
  • Issue Closes: --
  • Minimum Application: 200 shares @ Rs.2.50/- each
  • Post-issue promoter’s stake: 60%
  • Lead Managers: Aryaman Financial Services Limited

Listing on: Mumbai, Pune, Hyderabad and Ahmedabad Stock Exchanges
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Highlights of the Issue

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  • Company is not in the business of Information Technology.
  • Sells gold through its web site with the domain name www.sheetalgold.com.
  • Promoters have more than 15 years experience in gold trading
  • Issue proceeds will be used mainly to fund working capital requirement to the extent of Rs.95 million, which is 95% of the project cost.
  • Post-Issue, the turnover is estimated at Rs. 4000 million.
  • Mr. Ghevarchand Nahar, Mr. Sandeep Nahar and Mr. Suresh Mehta are the main promoters.
  • Domestic market for gold is very strong.
  • Marketing of gold through the website is a novel concept. Investment is worth a try but for the short term only.
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