| Initial public offer of up to [*] equity shares of face value of Rs.2/- each ("equity shares") of Ardee Industries Limited ("company" or "issuer") 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. [*] crores comprising a fresh issue of up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 320.00 crores by the company ("fresh issue") and an offer for sale of up to 37,650,000 equity shares of face value of Rs. 2/- each aggregating up to Rs. [*] crores ("offered shares") comprising up to 18,825,000 equity shares of face value of Rs. 2/- each aggregating up to Rs. [*] crores by Sandeep Aggarwal and up to 18,825,000 equity shares of face value of Rs. 2/- each aggregating up to Rs. [*] crores by Nikunj Aggarwal (collectively, the "promoter selling shareholders") and such offer for sale, together with the fresh issue, the "offer". The offer shall constitute [*]% of the post-offer paid up equity share capital of the company.
The face value of equity shares is Rs. 2/- each. The offer price is [*] times the face value of the equity shares.
The price band and the minimum bid lot will be decided by the company. |
