| Initial public issue of upto 64,32,000 equity shares of Rs. 10/- each ("Equity Shares") of B.R.Goyal Infrastructure Limited ("BRGIL", or 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 "Issue Price"), aggregating to Rs. [*] crores ("The Issue"), of which upto [*] equity shares of Rs. 10/- each for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion") and upto [*] equity shares aggregating up to
Rs. [*] crores for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The issue less market maker reservation portion i.e. issue of upto [*] equity shares of Rs. 10/- each including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute [*] % and [*] %, respectively of the post issue paid up equity share capital of the company.
The company, in consultation with the brlm, may consider a further issue of equity shares through a private placement, preferential offer or any other method as may be permitted under applicable law to any person(s), aggregating up to Rs. [*] crores, at its discretion, with the roc ("pre-ipo placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended ("scrr"). The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the issue. Prior to the completion of the issue and the allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement, that there is no guarantee that the company may proceed with the issue 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 face value of the equity shares is Rs. 10.00 each. The price band will be decided by the company.
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