Sintercom India Ltd.
 
Gat No. 127, At Post Mangrul, Taluka Maval, Pune, Maharashtra - 410507
Phone: 661200 Fax: 661202

Public Issue of 6546000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 55.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
05/02/201807/02/201865.00 -
Lead Managers Registrar Listed at
PANTOMATH CAPITAL ADVISORS PVT.LTD.
Link Intime India Private Limited
C-101, 247 Park,
L.B.S. Marg, Vikhroli (West), ,
Mumbai, Maharashtra - 400083
Phone: 49186200 Fax: 49186195
NSE
Object of the issue

The Offer comprises of Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.

The Offer for sale

Each of the Selling Shareholders will be entitled to their respective portion of the proceeds from the Offer for Sale. the Company will not receive any proceeds from the Offer for Sale. All expenses in relation to the Offer other than listing fees (which shall be borne by the Company) shall be shared between the Company and the Selling Shareholders in accordance with applicable laws. Each Selling Shareholder shall reimburse the Company for all expenses incurred by the Company in relation to the Offer for Sale on behalf of such Selling Shareholder.

The Fresh Issue

Requirement of Funds

The objects to the Net Proceeds of the Fresh Issue are:

1. To finance expansion of the production capacity at the existing unit at Talegaon-Dabhade,
2. Part repayment of secured and unsecured loan availed by the Company,
3. Funding the working capital requirements of the Company,
4. General corporate purposes, (collectively, herein referred to as the "Objects").

Promoted by

The Promoters of the Company are Mr. Jignesh Raval, BRN Industries Limited (“BRN”) and Miba Sinter Holding GmbH& Co. KG (“Miba Sinter Holding”)

1. Mr. Jignesh Raval: is aged 47 years, an Indian inhabitant, residing at Flat No. 802, Bldg. No. 4, Mantri Lawns, Anand Park, Aundh, Pune – 411007, Maharashtra, India, is the Promoter and Managing Director of the Company. He has been on the Board of Directors of the Company since June, 2007. He holds a degree in Bachelor of Engineering(Production) from Shivaji University. He has around 19 years of work experience in automotive industry which includes 9 years of work experience at Tenneco Automotive India Private Limited as an Executive Director-GSCM.

He is currently responsible for developing and executing Company‘s business strategies and overseeing the Company‘s financial performance, investments and other business ventures. For further details, please refer to the chapter titled "the Management"

Passport No: Z3944196

Driving Licence: MH12 20030368039

Voter Id No.: Not Available

DIN: 01591000

 

2. BRN Industries Limited (“BRN”):

Corporate Information

BRN was incorporated in Mauritius on June 26, 2007, as a private company with liability limited by shares. BRN‘s registered office is at C/o Trustlink International Limited, Suite 501, St. James Cthet, St. Denis Street, Port Louis, Mauritius bearing company registration number C072213. It holds a Category 1 Global Business Licence issued by the Financial Service Commission.

The principal activities of BRN is that of investment holding.

BRN was not the original promoter of the Company, and initially acquired shares in the Company on February 7, 2008 and it currently holds 95,52,700 Equity Shares of the Company, which constitutes 49.79% of the pre-Offer paid-up capital. For details of build-up of BRN’s shareholding in the Company, please see “Capital Structure-Notes to capital Structure” on page 65 of this DRHP. Further, we confirm that compliance with SEBI SAST) Regulations and Listing Agreements was not applicable since shares of the Company were not listed on any Stock Exchange in India at the time of purchase.

BRN may not have adequate experience in the business activites undertaken by the Company.

 3. Miba Sinter Holding GmbH& Co. KG (“Miba Sinter Holding”): Miba Sinter Holding was incorporated under the laws of Austria on November 3, 2004 having its registered office at Civil Parish Laakirchen and business address as Dr. Mitterbauer-Street 34663, Laakirchen, Austria, registered with Austrian Registrar of Companies. Miba Sinter Holding is a Limited Commercial Partnership.

Miba Sinter Holding is engaged in holding and financing activities.

Miba Sinter Holding was not the original promoter of the Company, and initially acquired shares in the Company on February 2011 and it currently holds 49,89,085 Equity Shares of the Company, which constitutes 26% of the pre-Offer paid-up capital. For details of build-up of Miba Sinter Holding shareholding in the Company, please see Capital Structure-Notes to capital Structure on page 65 of this DRHP. Further, we confirm that compliance with SEBI (SAST) Regulations and Listing Agreements was not applicable since shares of the Company were not listed on any Stock Exchange in India at the time of purchase.

The promoter of Miba Sinter Holding is Miba AG.