| Initial public offering of up to [*] equity shares of face value of Rs. 5 each ("Equity Shares") of Ekkaa Electronics (India) 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 Rs. 725.00 Crores ( "Offer") comprising a fresh issue of up to [*] equity shares of face value Rs. 5 each by the company aggregating up to Rs. 525.00 Crores ( "Fresh Issue") and an offer for sale of up to [*] equity shares aggregating up to Rs. 200.00 Crores, by the selling shareholders (as defined hereinafter) ("Offer For Sale") .
The offer may include a reservation of up to [*] equity shares of face value of Rs. 5 each, aggregating up to Rs. [*] Crores (constituting up to [*]% of the post-offer paid-up equity share capital of the company), for subscription by eligible employees ("Employee Reservation Portion"). The company, in consultation with the brlms may offer a discount of Rs. [*] per equity share of face value of Rs. 5 each, to eligible employees bidding in the employee reservation portion ("Employee Discount"), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute [*] % and [*] % of the post-offer paid-up equity share capital of the company, respectively.
Th company, in consultation with the brlms, may consider a pre-ipo placement, prior to filing of the red herring prospectus. 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% 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 rhp and prospectus and details of the pre-ipo placement, if any, shall be reported to the stock exchanges within 24 hours of such transactions, in accordance with regulation 54 of the sebi icdr regulations.
The price band, the minimum bid lot and the employee discount will be decided by the company. |
