| Initial public offering of up to 61,31,200^ equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. [*] per equity share (Including a Share Premium of Rs. [*] Per Equity Share) ("Offer Price") aggregating up to Rs. [*] Crore (the "Offer") comprising afresh offer of up to 49,05,600 equity shares of face value Rs. 10 each aggregating up to Rs. [*] Crore by the company (the "Fresh Offer") and offer for sale of up to 12,25,600 equity shares (the "Offered Shares") aggregating upto Rs. [*] Crore comprising offer for sale of 3,06,400 equity shares by Hemal Babubhai Borsadiya, 3,06,400 equity shares by Rahul Kishorbai Sheradia, 3,06,400 equity shares by Borsadiya Binita Hemalbhai and 3,06,400 equity shares by Sheradia Parth Damjibhai (collectively "Promoter Selling Shareholders", and such equity shares offered by the promoter selling shareholders, the "Offered Shares") (Such Offer For Sale By Promoter Selling Shareholders, The "Offer For Sale" and Together With The Fresh Offer, "The Offer").
The offer includes up to [*] equity shares of face value of Rs.10 each at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] Crore will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e. offer of upto [*] equity shares of face value of Rs.10 each, at an offer price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] Crore is hereinafter reffered to as the "Net Offer". The offer and net offer will constitute [*]% and [*]% respectively of the post- issue paid up capital of the company.
The face value of the equity share is Rs. 10 each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot size will be decided by the company. |
