| Initial public offer of up to 56,30,000 equity shares of face value Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. [*]/- per equity share (including a securities premium of Rs. [*]- per equity share) (the "Offer "Price"), aggregating upto Rs. [*] crores ("Offer"), comprising of fresh offer of upto 45,80,000 equity shares aggregating to Rs. [*] crores (the "Fresh Offer") and an offer for sale of upto 10,50,000 equity shares by Aparesh Nandi, Uday Narayan Singh and Jayanta Kumar Ghosh ("The Selling Shareholder") ("Offer for Sale") aggregating to Rs. [*] crores, out of which 2,82,000 equity shares aggregating to Rs. [*] crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 53,48,000 equity shares of face value of Rs. 10 each at an offer price of Rs. [*]/- per equity share aggregating to Rs. [*] crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 29.10% and 27.64%, respectively of the post offer paid up equity share capital of the company.
Price Band: Rs. 61 to Rs. 64 per equity share of face value of Rs. 10 each.
The Floor Price is 6.10 times of the face value and the Cap Price is 6.40 times of the face value of the equity shares.
Bid cane be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter. |
