| Initial public offering of up to [*] equity shares of face value of Rs. 10 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. [*] crores ("Offer"). The offer comprises a fresh issue of up to [*] equity shares aggregating up to Rs. 90.00 crores ("Fresh Issue") and an offer for sale of up to 27,762,010 equity shares ("Offered Shares") aggregating up to Rs. [*] crores, comprising of up to 3,751,885 equity shares aggregating up to Rs. [*] crores by Meena Bindra (the "Promoter Selling Shareholder"), up to 18,423,875 equity shares aggregating up to Rs. [*] crores by Highdell Investment Ltd, and up to 5,586,250 equity shares aggregating up to Rs. [*] crores by Faering Capital India Evolving Fund (collectively, the "Iinvestor Selling Shareholders"), and together with the promoter selling shareholder and investor selling shareholders, the "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). The offer will constitute [*]% of the post-offer paid-up equity share capital.
The company and Highdell, in consultation with the brlms, may consider a pre-ipo placement of up to [*] equity shares for cash consideration aggregating up to Rs. 18.00 crores, at its discretion, ("pre-ipo placement"). If the pre-ipo placement is completed, the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to the offer complying with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended ("scrr").
The price band and the minimum bid lot will be decided by the company.
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