| Intial public issue of 18,00,000 equity shares of face value of
Rs. 10 each ("Equity Shares") of Kedarnath Industries Ltd (The "Company") for cash at a price of Rs. 25 per equity share (including a share premium of Rs. 15 per equity share) (the "Issue Price"), aggregating to Rs. 4.50 crores ("The Issue"), of which 90,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 25 per equity share, aggregating to Rs. 0.23 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 17,10,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 25 per equity share, aggregating to Rs. 427.50 lacs is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 29.81% and 28.32% respectively of the fully diluted post issue paid up equity share capital of the company.
The face value of the equity shares is Rs. 10 each and the issue price of Rs. 25 is 2.50 (two point five) times of the face value of the equity shares.
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