| Initial public offer of upto 59,96,000 equity shares of face value of Rs. 10/- each ("equity shares") of the company at an offer price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating up to Rs. [*] crores ("public offer") comprising a fresh issue of upto 53,50,000 equity shares of face value of Rs.10/- each aggregating to Rs. [*] crores (the "fresh issue") and an offer for sale of upto 6,46,000 equity shares of face value of Rs.10 each comprising of upto 6,46,000 equity shares of face value of Rs. 10/- each by Yash Suryakant Karwa ("the selling shareholder") ("offer for sale") aggregating to Rs. [*] crores, out of which [*] equity shares of face value of Rs. [*]/- each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the offer (the "market maker reservation portion"). The public offer less market maker reservation portion i.e. offer of [*] equity shares of face value of Rs. 10/- each of face value of Rs.[*]/- each, at an offer price of Rs.[*] per equity share for cash, aggregating up to Rs. [*] crores is hereinafter referred to as the "net offer" the public offer and net offer will constitute [*]% and [*]% respectively of the post-offer paid-up equity share capital of the company.
The price band and the minimum bid lot will be decided by the company. |
