| Initial public offering of up to 9,900,000 equity shares of face value of Rs. 10/- each ("equity shares") of Krishna Buildspace 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 [*] crores
comprising of a fresh issue of up to 9,000,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. [*] crores ("fresh issue") and an offer for sale of up to 900,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. [*] crores ("offer for sale") comprising an offer of up to 600,000
equity shares of face value of Rs. 10/- each aggregating up to Rs. [*] crores by Mohanbhai Chanabhai Sorathiya and up to 300,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. [*] crores by Jayantibhai Chanabhai Sorathiya (collectively the "promoter selling shareholders", and
such equity shares offered by the promoter selling shareholders, the "offered shares") (the 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 company, in consultation with the brlm, may consider issue of specified securities, as maybe permitted under applicable law to any person(s) 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 brlm. 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 securities contracts (regulation) Rules, 1957 ("scrr"), as amended. The pre-ipo placement, if undertaken, shall not
exceed 20% of the size of the fresh issue. The utilisation of the proceeds raised pursuant to the pre-ipo placement will be done towards the objects in compliance with applicable law. Prior to the completion of the offer and the allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers 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 price band and the minimum bid lot, will be decided by the company. |
