| Initial public offering of up to (*) equity shares of face value of Rs. 10 each ("equity shares") of Penver Products Limited ("company" or "issuer") for cash at a price of Rs. (*) per equity share (includinga share premium of Rs. (*) per equity share) aggregating up to Rs. (*) Crores, (the "issue"). The issue comprises a fresh issue of (*) equity shares, aggregating up to Rs. 242 Crores ("fresh issue") and an offer for sale of up to 4,108,000 equity shares comprising up to 1,027,000 equity shares by philips thomas, up to 1,027,000 equity shares by Vinod Kumar K P, up to 1,027,000 equity shares by Madhukrishna Ganta and up to 1,027,000 equity shares by Abdul Kareem a (herein after referred to as "promoter selling shareholders"), aggregating up to Rs. (*) Crores. The issue includes a reservation of up to (*) equity shares (constituting up to (*)% of the post-issue paid-up equity share capital) for subscription by eligible employees (as defined herein after the "employee reservation portion") for cash at a price of Rs. (*) per equity share, aggregating up to Rs. (*) Crores. The issue less the employee reservation portion is referred to as the "net issue". The issue and the net issue shall constitute (*)% and (*)% of the postissue issued, subscribed and paid-up equity share capital, respectively.
The face value of the equity shares is Rs. 10 each.
The issue price is (*) times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.
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