| Initial public offer of upto 55,00,000 equity shares of face value of
Rs. 10/- each ("Equity Shares") of Grace Renewable Energy Limited ("the Company" or "the Issuer") at an issue price of Rs. [*] per equity share (including a Share Premium of [*] per Equity Share) for cash, aggregating up to Rs. [*] crores ("Public Issue") out of which [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores is here inafter referred to as the "Net Issue". The public issue and net issue will constitute [*] % and [*] % respectively of the post-issue paid- up equity share capital of the company.
The price band and the minimum bid lot will be decided by the company.
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