| Initial public offer of upto 18,06,000 equity shares of face value of Rs. 10/- each of Highness Microelectronics Limited (the "Company" or the "Offeror ") at an offer price of Rs. [*] per equity share (Including a Share Premium of Rs. [*] Per Equity Share) for cash, aggregating upto Rs. [*] Crore ("Public Offer") comprising of a fresh issue upto 16,53,600 equity shares aggregating to Rs. [*]/- Crore (the "Fresh Issue") and an offer for sale of upto 38,400 equity shares by Gaurav Manjul Kejriwal and upto 1,14,000 equity shares by Manjul Kumar Kejriwal ("The Promoter Selling Shareholders"),aggregating upto 1,52,400 equity shares by the promoter selling shareholders ("Offer For Sale") aggregating upto Rs. [*]/- Crore, out of which [*] equity shares of face value of Rs. 10/- each at an offer price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] Crore will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e.net offer of [*] equity shares of face value of Rs. 10/- each at an offer price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] Crore is herein after referred to as the "Net Offer". The offer and the net offer will constitute [*] % and [*] %, respectively, of the post offer paid up equity share capital of the company.
The price band and the minimum bid lot will be decided by the company. |
