| Initial public offering of up to [*] equity shares of face value of Rs.2/- 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 to Rs.[*] crores (the "offer") comprising a fresh issue of up to [*] equity shares of face value of Rs.2/- each aggregating up to Rs.300.00 crores by the company ("fresh issue") and an offer for sale of up to 7,120,030 equity shares of face value of Rs.2/- each ("offered shares") aggregating up to Rs.[*] crores, comprising up to 1,460,520 equity shares of face value of Rs.2/- each, aggregating up to Rs.[*] crores by Kishan Tibrewalla, up to 1,460,520 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Prem Tibrewalla, up to 1,460,520 equity shares of face value of Rs.2/- each aggregating up to [*] crores by Deval Tibrewalla and up to 2,738,470 equity shares of face value of Rs.2/- each, aggregating up to Rs.[*] crores by Kishan Tibrewalla HUF (collectively, referred to as the "promoter selling shareholders" and such offer for sale of equity shares offered by the promoter selling shareholders, the "offer for sale"). The offer shall constitute [*]% of the post-offer paid-up equity share capital.
The company, in consultation with the brlms, may consider an issue of specified securities, as may be permitted under applicable law, to any person(s), aggregating up to Rs.60.00 crores at its discretion, prior to filing of the ("pre-ipo placement"). The pre-ipo placement, if undertaken, will be
at a price to be decided by the company, in consultation with the brlms. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20.00% of the size of the fresh issue. The company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken).
The face value of the 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. |
