| Initial public offering of up to [*] equity shares of face value of Rs.2/- each ("equity shares") of Eswari Global Metal Industries Limited (the "company" or the "issuer") for cash at a price of Rs.[*] per equity share of face value of Rs.2/- each (including a share premium of [*] per equity share) (the "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 by the company aggregating up to Rs.500.00 crores (the "fresh issue") and an offer for sale of up to 13,209,451 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores comprising up to 1,981,412 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by C Bharanikumar, up to 1,981,410 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by pradeep chandrasekaran, up to 1,981,410 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Prasath Chandrasekaran, up to 1,761,205 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Sabarinathan Anbalagan, up to 1,761,205 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Hari Sudhan a, up to 1,760,952 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Nithin Arumugam ("promoter selling shareholders"), up to 660,619 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by P Anbalagan, up to 660,619 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by P Arumugam ("promoter group selling shareholder") and up to 660,619 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Palaniappan Ramalingam ("other selling shareholders"and together with the promoter selling shareholders and the promoter group selling shareholders, the "selling shareholders" and such offer by the selling shareholders, the "offer for sale"). The offer shall constitute [*]% of the post-offer paidup equity share capital of the company.
The company, in consultation with the brlms, may consider an issue of specified securities, as may be permitted under the applicable law, aggregating up to Rs.100.00 crores, prior to filing of the roc. 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 securities contracts (Regulation) Rules, 1957, as Amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. the utilisation of the proceeds raised pursuant to the pre-ipo placement will be done towards the proposed objects of the offer in compliance with applicable law. 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).
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. |
