| Public issue of up to 3,32,38,000 equity shares of Rs. 10 each ("equity shares") for cash at a price of Rs.300/- per equity share aggregating Rs.997.14 Crores (the "issue"), by Parsvnath Developers Limited ("PDL", "the company" or "the issuer"). There will also be a green shoe option of up to 30,87,800 equity shares to be offered by Parasnath and Associates Private Limited, one of our promoters, for cash at a premium of Rs.290/- per equity share and at a price of Rs.300/- per equity share aggregating Rs.92.63 Crores. The issue and the Green Shoe option, if exercised in full, will aggregate 3,63,25,800 equity shares amounting to Rs.1089.77 Crores. The issue comprises a net issue to the public of up to 3,30,38,000 equity shares ("the net issue") and a reservation of up to 2,00,000 equity shares for subscription by employees (as defined herein) (the "Employee Reservation Portion"), at the issue price. The issue will constitute 18.30% of the fully diluted post-issue equity share capital of our company assuming that the green shoe option is not exercised and 19.67% assuming that the green shoe option is exercised in full.
Issue Price : Rs.300 per equity share of face value Rs. 10
The issue price is 30 times of the face value.
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