| Initial public offer of up to 57,76,800 equity shares of face value of Rs.10/- each ("equity shares") of Himalayan solar Limited (the "company" or the "issuer") for cash at a price of Rs.[*] per equity share, including a share premium of Rs.[*] per equity share (the "issue price"), aggregating to Rs. [*] crores ("the issue"), comprising a fresh issue of up to 51,78,000 equity shares aggregating to Rs. [*] crores by the company ("fresh issue") and an offer for sale of up to 5,98,800 equity shares by Karthyayini M ("the promoter selling shareholder" or "selling shareholder") aggregating to Rs.[*] crores ("offer for sale"). Out of the offer up tof 2,89,200 equity shares of face value of Rs.10/- each for cash at a price of Rs.105/- per equity share, aggregating to Rs. [*] crores will be reserved for subscriptions by the market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. issue of 54,87,600 equity shares of face value of Rs.10/- each for cash at a price of
Rs. [*] per equity share, aggregating to Rs. [*] crores is here in after referred to as the "net issue". The issue and the net issue will constitute 27.00% and 25.658% respectively of the post issue paid-up equity share capital of the company.
The price band will be decided by the company. |
