| Initial public offering of up to [*] equity shares of face value of Rs.5 each ("equity shares") of Belrise Industries Limited (the "company" or the "issuer") 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.2150.00 crores ("issue").
The company may, in consultation with the brlms, consider a pre-ipo placement of specified securities, as may be permitted under the applicable law, aggregating up to Rs.430.00 crores, prior to filing of the red herring prospectus with the roc. the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the general corporate purposes portion of the issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended. the preipo placement, if undertaken, shall not exceed 20% of the size of the issue. prior to the completion of the issue, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company will proceed with the issue or the issue will be successful and result in 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 red herring prospectus and prospectus.
The face value of equity shares is Rs.5 each. the issue price is [*] times the face value of the equity shares. the price band, the minimum bid lot, if any will be decided by the company, in consultation with the book running lead managers.
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