| Initial public offering of up to [*] equity shares of face value of Rs.2 each ("equity shares") of Ciel HR Services Limited (the "company" or the "issuer") for cash at a price of Rs.[*] per equity share (including a share premium of Rs.[*] per equity share) (the "offer price") aggregating up to Rs.[*] crores (the "offer") comprising a fresh issue of up to [*] equity shares by the company aggregating up to Rs.335.00 crores (the "fresh issue") and an offer for sale of up to 4,739,336 equity shares by the selling shareholders (the "offered shares") aggregating up to Rs.[*] crores (the "offer for sale"), comprising up to 2,544,181 equity shares aggregating to Rs.[*] crores by pandiarajan karuppasamy, up to 629,357 equity shares aggregating to Rs.[*] crores by Hemalatha Rajan, up to 629,357 equity shares aggregating to Rs.[*] crores by Aditya Narayan Nishra, up to 594,540 equity shares aggregating to Rs.[*] crores by Santhosh Kumar Nair, up to 118,537 equity shares aggregating to Rs.[*] crores by Doriaswamy Rajiv Krishnan (collectively referred as the "promoter selling shareholders"), up to 47,391 equity shares aggregating to Rs.[*] crores by Ganesh S Padmanabhan, up to 47,391 equity shares aggregating to Rs.[*] crores by Soby Mathew, up to 47,391 equity shares aggregating to Rs.[*] crores by Anup Narendran Menon, up to 8,727 equity shares aggregating to Rs.[*] crores by Mohit Gundecha, up to 8,727 equity shares aggregating to Rs.[*] crores by Suruchi Wagh, up to 10,778 equity shares aggregating to Rs.[*] crores by Cavinkare Private Limited, up to 9,358 equity shares aggregating to Rs.[*] crores by Piyush Jain, up to 8,085 equity shares aggregating to Rs.[*] crores by Rajan Chellamani Nadar, up to 6,737 equity shares aggregating to Rs.[*] crores by Muhil Nesi Vivekanandah, up to 26,188 equity shares aggregating to Rs.[*] crores by Sambasivan Vishwanathan and Vidya Vishwanathan, and up to 2,591 equity shares aggregating to Rs.[*] crores by Tamilmani Muthusamy (the "other selling shareholders", and together with the promoter selling shareholders, the "selling shareholders"). the offer and the net offer would constitute [*]% and [*]%, respectively, of the post-offer paid-up equity.
The company, in consultation with the book running lead managers ("brlms"), may consider undertaking a pre-ipo placement, at its discretion of such number of securities, for a cash consideration aggregating up to Rs.67.00 crores between the date of this draft red herring prospectus till the filing of the red herring prospectus with the roc, subject to the receipt of appropriate approvals. the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the scrr. the pre-ipo placement shall not exceed 20% of the size of the fresh issue. prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the rhp and prospectus.
The ofeer price is [*] times the face value of the equity shares. the price band and minimum bid lot will be decided by the company, in consultation with the brlms.
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