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Incorporated in 1993, Commercial Syn Bags Limited is engaged in manufacturing of plastic and laminated coated bags. Information in this paragraph is copied from chittorgarh.com.They are one of the leading manufacturer and exporter of FIBC / Big Bag, PP Fabric, PP Woven Bag, BOPP Bags and Tarpaulin in India.
Commercial Syn Bags produce 4-5 million Big Bags annually. Content in this paragraph is copied from chittorgarh.com.Company's product profile includes Builder Bag, FIBC- U-Panel and Circular, Baffle / Q-Bag, Tunnel Bag, Single Loop / Double Loop, UN Bags, Asbestos Bag, PP Container Bag, Bags with Liner Formfit / Bottle shaped, Tabbed, Glued, Box Bag, Polypropylene Woven bags, PP Fabric, Tarpaulin and BOPP Bags.
The promoters of the company are:
1. Mr Anil Choudhary
2. Mr Mohanlal Choudhary
3. Super Sack Pvt Ltd
The objects of the issue are to:
1. Repayment/Prepayment os certain borrowings availed by the company;
2. Working capital requirements.
| IPO Opening Date | Jun 30, 2016 |
| IPO Closing Date | Jul 5, 2016 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹24 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | 3,192,000 Eq Shares of ₹10 (aggregating up to ₹7.66 Cr) |
The Commercial Syn Bags IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹144,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹144,000 |
| Maximum | 1 | 6000 | ₹144,000 |
| Listing Date | Thursday, July 14, 2016 |
| BSE Script Code | 539986 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE073V01015 |
| IPO Price | ₹24 per equity share |
| Face Value | ₹10 per equity share |
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Commercial Syn Bags Ltd
34 Jaora Compound,
M Y Road,
Indore - 452001
Phone: 0731-4279525/26
Email: comsyn@comsyn.com
Website: http://www.comsyn.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Commercial Syn Bags IPO is a SME IPO of 3,192,000 equity shares of the face value of ₹10 aggregating up to ₹7.66 Crores. The issue is priced at ₹24 per equity share. The minimum order quantity is 6000 Shares.
The IPO opens on Jun 30, 2016, and closes on Jul 5, 2016.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Commercial Syn Bags IPO opens on Jun 30, 2016 and closes on Jul 5, 2016.
Commercial Syn Bags IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.
You can apply in Commercial Syn Bags IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Commercial Syn Bags IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Commercial Syn Bags IPO allotment status.
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