| Initial public offering of up to [*] equity shares of face value of Rs. 10 each ("Equity Shares") of Gujarat Polysol Chemicals Limited (The Company or Issuer) 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. 414.00 crores (offer) comprising of a fresh issue of up to [*] equity shares aggregating up to Rs. 87.00 crores (fresh issue) and an offer for sale of up to [*] equity shares aggregating up to Rs. 327.00 crores (offer for sale), comprising: (a) up to [*] equity shares aggregating up to
Rs. 183.00 crores by Shaileshkumar Balvantrai Desai and up to [*] equity shares aggregating up to Rs. 38.00 crores by Umang Shailesh Desai (collectively, the promoter selling shareholders); and (b) up to [*] equity shares aggregating up to Rs. 102.00 crores by M/S. Polysol Financial Services llp and up to [*] equity shares aggregating up to Rs. 4.00 crores by M/S. Apurva International (collectively, the promoter group selling shareholders, and along with the promoter selling shareholders, collectively, the selling shareholders). the offer will constitute [*]% of the post offer paid-up equity share capital of the company.
The face value of the equity shares is Rs. 10 each and the offer price is [*] times the face value of the equity shares.
The price band and the minimum bid lot will be decided by the company.
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