| Initial Public Offer of upto 7500000* equity shares of face value of Rs.10 each ("equity shares") of Nilshikhaa Projects Limited ("company" or "issuer") for cash at a price of Rs. (*) per equity share (including a share premium of Rs. (*) per equity share) aggregating upto Rs. (*) Crores (the offer") consisting of a fresh issue of 3996000 equity shares aggregating upto Rs. (*) Crores ("fresh issue") and an offer for sale of upto 3504000 equity shares including up to 800000 equity shares by Guru Prasanna sahoo; up to 800000 equity shares by Aryind Kumar Tripathi; upto 800000 equity shares by Jagdish Kumar; upto 800000 equity shares by Shiyananda and upto 304000 equity shares by Niharika sahoo (referred to as the "selling shareholders") aggregating upto Rs. (*) Crores ("offer for sale") and together with the fresh issue ("the offer the offer comprises of upto (*) equity" shares of face value * 10 each for cash at a price of Rs. (*) per equity" share, aggregating Rs. (*) Crores which will be reserved for subscription by the market maker to the offer (the "market maker reservation portion"). The offer less market maker reservation portion i.e. Offer of upto (*) equity shares of face value of * 10 each for cash at a price of Rs. (*) per equity share. aggregating Rs. (*) is hereinafter referred to as the "net offer", the offer and the net offer will constitute (*)% .and (*)%. respectively of the post offer paid it equity share capital of the company.
The face value of the equity shares is Rs.10 each. The price band and the minimum bid lot will be decided by the company.
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