| Initial public offer of up to [*] equity shares of face value of Rs. 10/- each ("equity shares") of Harit Industries Limited (the "company" or "harit" or "issuer") at an issue price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating up to Rs. 70.00 crores ("public issue") out of which [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for
cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The public issue less market maker reservation portion i.e. issue of [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores hereinafter referred to as the "net issue". The public issue and net issue will constitute [*]% and [*]% respectively of the post-issue paid-up equity share capital of the company.
The company, in consultation with the brlm, may consider a pre-ipo placement aggregating upto Rs. [*] crores, as may be permitted under applicable law, at its discretion, prior to filing of the the roc ("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 (Regulations) Rules, 1957, as amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the first issue. If a pre-ipo placement is undertaken, the company shall report to the stock exchange, within twenty-four
hours of such pre-ipo placement transactions (in part or in entirety). prior to the completion of the 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 issue or the issue may be successful and will result into listing of the equity shares on the stock exchange. 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. |
