| Initial public offering of up to 2,57,09,799 equity shares of face value of Rs. 10 each ("Equity Shares") of Bvishal Oil and Energy Limited ("The Company" or the "Issuer") for cash at a price of Rs. [*] per equity share of face value of Rs. 10 each (including a share premium of Rs. [*] per equity share) ("Offer Price") aggregating up to Rs. [*] Crores comprising a fresh issue of up to 1,80,00,000 equity shares of face value of Rs. 10 each by the company aggregating upto Rs.[*] Crores (the "Fresh Issue") and an offer for sale of up to 77,09,799 equity shares of face value of Rs. 10 each aggregating upto Rs. [*] Crores by certain shareholders (collectively referred as the "Investor Selling Shareholders" or "Selling Shareholders") (such sale, the "Offer For Sale", and 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 a pre-ipo placement, as may be permitted under applicable law, to any person(s), aggregating up to Rs. 2,000.00 Crores, at its discretion, prior to filing of the red herring prospectus with the roc. 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, as amended. The pre-ipo placement, if undertaken, shall not exceed 20.00% of the size of the fresh issue. Prior to the completion of the offer, 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) shall be appropriately made in the relevant sections of the red herring prospectus and the prospectus.
The face value of the equity shares is Rs. 10 each and the offer price is [*] times the face value of the equity shares.
The price band and the minimum bid lot size will be decided by the company. |
