| Initial public offering of up to 18,75,000 equity shares of face value of Rs.10/- each ("equity shares") of Ajwa Projects Limited (the "company" or the "issuer") at an offer price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share (the "offer price") aggregating Rs. up to [*] crores ("the offer"). The offer comprises fresh issue of up to 15,00,000 equity shares aggregating to up to Rs. [*] crores ("fresh issue") and an offer for sale of up to 3,75,000 equity shares by the promoter selling shareholders aggregating up to Rs. [*] crores comprising; upto 1,87,500 equity shares by Mohammad Khurshid Alam Kahn, upto 1,87,500 equity shares by Zarinabegum Khurshid Alam Khan (collectively the "promoter selling shareholder"), ("offer for sale together with the fresh issue, the "offer"). Of which up to [*] equity shares of face value of Rs.10/- each for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating up to Rs. [*] crores will be reserved for subscription by market maker to the offer (the "market maker reservation portion"). The offer less the market maker reservation portion i.e. net offer of up to [*] equity shares of face value of Rs.10/- each at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to up to Rs. [*] crores (the "net offer"). The offer and the net offer will constitute [*] % and [*] % respectively of the post offer paid up equity share capital of the company.
The face value of the equity share is Rs.10/- and the offer price is [*] times of the face value. |
