| Initial public offering of up to 19,000,000 equity shares of face value of Rs. 10/- each (equity shares) of Globe Civil Projects Limited (the company) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (issue price) aggregating up to Rs. [*] crores (the issue).
The company, in consultation with the book running lead manager (brlm), may consider a further issue of equity shares through a private placement, preferential offer or any other method as may be permitted under applicable law to any person(s), aggregating up to Rs. [*] crores, at its discretion, (rhp) with the roc (pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (scrr). The preipo placement, if undertaken, shall not exceed 20% of the size of the issue. Prior to the completion of the issue and the allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement, that there is no guarantee that the company may proceed with the issue or the issue may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the rhp and prospectus.
The price band and the minimum bid lot size will be decided by the company.
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