| Initial public offering of up to [*] equity shares of face value of Rs.10 each ("Equity Shares") of German Green Steel and Power Limited ("Company") 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. [*] Crores (the "Offer") comprising a fresh issue of up to [*] equity shares of face value of Rs.10 each aggregating up to Rs. 290.00 Crores by the company ("Fresh Issue") and an offer for sale of up to 10,00,000 equity shares of face value of Rs.10 each ("Offered Shares") aggregating up to Rs. [*] Crores comprising an offer for sale of up to 5,00,000 equity shares of face value of Rs.10 each by Inamulhaq Shamsulhaq Iraki aggregating up to Rs. [*] Crores, and up to 5,00,000 equity shares of face value of Rs.10 each by Abdulhaq Shamsulhaq Iraki, aggregating up to Rs. [*] Crores (collectively, "Promoter Selling Shareholders") and such equity shares offered by the promoter selling shareholders, the "Offered Shares") (such offer for sale by the promoter selling shareholders, the "Offer for Sale" and together with the fresh issue, "the Offer"). The offer will constitute [*] % of the post-offer paid-up equity share capital of the company.
The company has, in consultation with the book running lead managers ("brlms"), undertaken pre -ipo placement of 18,38,000 fully paid-up equity shares at an issue price of Rs.270 per equity share (including a premium of Rs.260 per equity share) for cash consideration aggregating to Rs.49.63 Crores by way of a private placement on September 26, 2025 ("pre-ipo placement"), prior to filing of the red herring prospectus ("rhp"). the size of the fresh issue has been reduced by Rs.49.63 Crores pursuant to the pre-ipo placement and the revised size of the fresh issue is up to Rs. 290.00 Crores in compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957 ("scrr"). the pre-ipo placement has not exceeded 20% of the size of the fresh issue. the company has appropriately intimated 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 has reported the pre-ipo placement to the stock exchanges, within 24 hours of such pre-ipo placement. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement will be appropriately made in the relevant sections of the rhp and the prospectus.
The face value of the equity share is Rs.10 each and the issue 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. |
