| Initial public offering of up to [*] equity shares of face value of Rs. 5/- each ("Equity Shares") of the company for cash at a price of Rs. [*] per equity share (Including a 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. 5/- each aggregating up to Rs. 300.00 crores by its company ("Fresh Issue") and an offer for sale of up to 9,460,800 equity shares of face value of Rs. 5/- each aggregating up to Rs. [*] crores by Dhiresh Shashikant Gosalia (the "Promoter Selling Shareholder" and such offer, the "Offer for Sale").
The company, in consultation with the brlms, may consider a pre-ipo placement for an amount aggregating up to Rs. 60.00 crores, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by its 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 scrr. The pre-ipo placement, if undertaken, shall not exceed 20 % of the size of the fresh issue. 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 offer includes a reservation of up to [*] equity shares of face value of Rs. 5/- each aggregating up to Rs. [*] crores, for subscription by eligible employees (as Defined Hereinafter) (the "Employee Reservation Portion"). The employee reservation portion constitutes up to 5 % of the post-offer paid-up equity share capital. The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute [*] % and [*] % of the post-offer paid up equity share capital of the company, respectively.
The face value of the equity share is Rs. 5/- each and the offer price is [*] times the face value of the equity shares.
The price band, the rupee amount or discount, if any, to eligible employees bidding in the employee reservation portion ("Employee Discount") and the minimum bid lot will be decided by the company.
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