| Initial public offering of up to 8,71,200 equity shares of face value of Rs. 10/- each ("equity shares") of Narmadesh Brass Industries Limited ("the company" or "the issuer company") for cash at a price Rs. [*] per equity share ("offer price") aggregating to Rs. [*] crores, the offer comprises fresh issue of up to 7,00,800 equity shares aggregating up to Rs. [*] crores ("fresh issue") and an offer for sale of up to 1,70,400 equity shares by the selling shareholder aggregating up to Rs. [*] crores (the "selling shareholder") (the "offer for sale", and together with the fresh issue, the "offer"), of which up to 45,600 equity shares of face value of Rs. 10/- each for
a cash price of Rs. [*]/- per equity share, aggregating to
Rs.[*] crores will be reserved for subscription by market maker ("market maker reservation portion"). The offer less the market maker reservation portion i.e. offer of up to 8,25,600 equity shares of face value of Rs. 10/- each at an offer price of Rs. [*] /- per equity share aggregating to Rs. [*] crores (is hereinafter referred to as the "net offer"). The offer and the net offer will constitute 28.10% and 26.63%, respectively of the post issue paid up equity share capital of the company.
The face value of the equity share is Rs. 10/- and the offer price is [*] times of the face value. |
