| Initial public offering of up to [*] equity shares of face value of Rs. 2 each ("Equity Shares") of Transrail Lighting Limited (The "Company" or the "Company") for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) ("Offer Price") aggregating up to
Rs. [*] crores (the "Offer") comprising a fresh issue of up to [*] equity shares of face value of Rs. 2 each aggregating up to Rs. 400.00 crores (the "Fresh Issue") and an offer for sale (the "Offer for Sale") of up to 10,160,000 equity shares of face value of Rs. 2 each aggregating up to
Rs. [*] crores, by Ajanma Holdings Private Limited ("Promoter Selling Shareholder") ("Offered Shares"). The offer shall constitute [*]% of the post-offer paid-up equity share capital of the company.
The company, in consultation with the brlms, undertook a private placement of specified securities, as permitted under applicable laws, to specified persons, for an amount aggregating to Rs. 50.00 crores ("pre-ipo placement"). The pre-ipo placement has not exceeded 20% of the fresh issue. The pre - ipo placement was at a price decided by the company, in consultation with the brlms. Since the pre-ipo placement was undertaken, the amount raised from the pre-ipo placement aggregating to Rs. 50.00 crores has been reduced from the fresh issue, subject to the offer complying with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended ("scrr"). The company has appropriately intimated the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer 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 has been appropriately made in the relevant sections.
The offer includes a reservation of up to [*] equity shares, aggregating up to Rs. 19.00 crores (constituting up to [*]% of the post offer paid-up equity share capital of the company) for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company.
Price Band: Rs. 410 to Rs. 432 per equity share of face value of Rs. 2 each.
The Floor price is 205 times the face value of the equity shares and cap price is 216 times the face value of the equity shares.
Bid can be made for a minimum of 34 equity shares and in multiples of 34 equity shares.
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