| Initial public offer of up to [*] equity shares of face value of Rs. 1 each ("Equity Shares") of API Holdings Limited (The "Company" or the "Issuer") for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) ("Issue Price"), aggregating to Rs. 6250.00 crores (the "Issue"). The issue shall constitute [*]% of the post-issue paid-up equity share capital of the company. The company may, in consultation with the brlms, consider a further issue of equity shares by way of a private placement of equity shares for cash consideration aggregating to
Rs. 1250.00 crores, at its discretion, with the registrar of companies ("pre-ipo placement"). If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the issue size, subject to a minimum issue size constituting at least 10% of the post-issue paid-up equity share capital of the company.
The face value of the equity shares is Rs. 1/- each.
The price band and the minimum bid lot shall be decided by the company.
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