| Initial public offering of up to [*] equity shares of face value of Re. 1 each ("Equity Shares") of the company for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) ("Offer Price") aggregating up to Rs. 550.00 crores ("Offer"). The offer comprises a fresh issue of up to [*] equity shares by the company, aggregating up to
Rs. 300.00 crores ("Fresh Issue"), and an offer for sale of up to [*] equity shares ("Offered Shares"), aggregating up to Rs. 250.00 crores, by Delta Corp Limited (the "Selling Shareholder" and such offer for sale of equity shares by the selling shareholder, the "Offer for Sale"). In accordance with and subject to regulation 33 of the sebi icdr regulations, the offer may include a reservation of up to [*] equity shares, aggregating up to Rs. [*] crores (constituting up to [*]% of the offer), for subscription by eligible employee(s) (the "Employee Reservation Portion") and a reservation of up to [*] equity shares, aggregating up to Rs. [*] crores (constituting up to [*]% of the offer), for subscription by Delta shareholders (as defined hereinafter) ("Delta Shareholder Reservation Portion"). The company and the selling shareholder, in consultation with the book running lead managers ("brlms"), may offer a discount of up to [*]% (equivalent to Rs. [*] per equity share) of the offer price to eligible employee(s) bidding in the employee reservation portion ("Employee Discount") and of up to [*]% (equivalent to Rs. [*] per equity share) of the offer price to Delta shareholder(s) bidding in the delta shareholder reservation portion ("Shareholder Discount"), subject to necessary approvals, as may be required. The offer less the employee reservation portion and the delta shareholder reservation portion is hereinafter referred to as "Net Offer". The offer and net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company.
The company and the selling shareholder, in consultation with the brlms, may consider undertaking a further issue of equity shares or any other instrument as may be permissible through a preferential issue or any other method as may be permitted in accordance with applicable law to any person(s), for a cash consideration aggregating up to Rs. 50.00 crores between the with the roc ("pre-ipo placement"), subject to market conditions. The pre-ipo placement, if undertaken, will be at a price to be decided by the company and the selling shareholder, in consultation with the brlms. If the pre-ipo placement is undertaken, the amount raised pursuant to such pre-ipo placement will be reduced from the amount of the fresh issue, subject to compliance with the sebi icdr regulations and the scrr.
The price band and the minimum bid lot will be decided by the company.
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