| Initial public offering of up to [*] equity shares of Rs.2/- each ("equity shares") of Hi-Tech Flow Solutions Limited (formerly known as Hitech Saw Limited) ("the company" or the "issuer") for cash at a price of Rs.[*] per equity share (including a securities premium of Rs.[*] per equity share) ("offer price") aggregating up to Rs.[*] crores (the "offer") comprising a fresh issue of up to [*] equity shares of face value of Rs.2/- each aggregating up to Rs.300.00 crores by the company (the "fresh issue") and an offer for sale of up to [*] equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores comprising an offer for sale of up to [*] equity shares of face value of Rs.2/- each aggregating up to Rs.75.00 crores by Ajay Kumar Bansal, an offer for sale of up to [*] equity shares of face value of Rs.2/- each aggregating up to Rs.25.00 crores by Vipul Bansal, ("promoter selling shareholders") and an offer for sale of up to 20,268,225 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by the Wealth Company Alternates Trust - India Inflection Opportunity Fund (the "investor selling shareholder", and together with the promoter selling shareholders, referred to as the "selling shareholders", and each individually, as a "selling shareholder" and such offer for sale of equity shares by the selling shareholders, the "offer for sale").
This offer includes a reservation of up to [*] equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores (constituting up to [*]% of the post-offer paid-up equity share capital) for purchase by eligible employees (the "employee reservation portion"). The offer less the employee reservation portion is hereinafter referred to as the "net offer". The company, in consultation with the brlms, may offer a discount of up to [*]% (equivalent to Rs.[*] per equity share) to the offer price to eligible employees bidding in the employee reservation portion ("employee discount"). The offer and the net offer would constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital.
The company, in consultation with the book running lead managers, may consider an issue of specified securities, as may be permitted under applicable law, to any person(s), aggregating up to Rs.60.00 crores at its discretion, prior to filing of 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 book running lead managers. 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 20.00% of the size of the fresh 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 offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. The company shall report any pre-ipo placement to the stock exchanges, within 24 hthes of such pre-ipo placement (in part or in entirety). further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken).
The face value of the equity shares is Rs.2/- each and the offer price is [*] times the face value of the equity shares.
The price band and the minimum bid lot will be decided by the company. |
