| Initial public offering of up to [*] equity shares of face value of Rs.5/- each ("equity shares") of Pride Hotels Limited (the "company" or the "issuer") for cash at a price of Rs.[*] per equity share of each(including a share premium of Rs. [*] per equity share) (the "offer price") aggregating up to Rs.[*] crores (the "offer") comprising of a fresh issue of up to [*] equity shares of face value of Rs.5/- each by the company aggregating up to Rs.260.00 crores (the "fresh issue") and an offer for sale of up to 39,239,446 equity shares of face value of Rs.5/- each, of up to 5,963,978 equity shares of face value of
Rs.5/- each aggregating up to Rs.[*] crores by Sureshchand Premchand Jain, up to 2,205,030 equity shares of face value of Rs.5/- each aggregating up to Rs.[*] crores by Meena Sureshchand Jain, of up to 5,344,740 equity shares of face value of Rs.5/- each aggregating up to Rs.[*] crores by Satyen Suresh Jain, up to 4,964,350 equity shares of face value Rs.5/- each aggregating up to [*] crores by ASP Enterprises Private Limited, up to 3,049,010 equity shares of face value Rs.5/- each aggregating up to Rs.[*] crores by Kopra Estate Private Limited, up to 2,651,313 equity shares of face value Rs.5/- each aggregating up to Rs.[*] crores by Pride plaza (I) Private Limited and up to 2,394,136 equity shares of face value Rs.5/-
each aggregating up to Rs.[*] crores by The Executive Inn Limited ("promoter selling shareholder"), up to 98, 500 equity shares of face value Rs.5/- each aggregating to Rs.[*] crores by Namrata Garg, up to 2,386,183 equity shares of face value Rs.5/- each aggregating up to Rs.[*] crores by Executive Housing Finance Co Limited, up to 683,720 equity shares of face value Rs.5/- each aggregating to Rs.[*] crores by Pride Paradise and Development Private Limited, up to 1,193,091
equity shares of face value Rs.5/- each aggregating of up to Rs.[*] crores by Pride Centre And Development Private Limited, up to 662, 828 equity shares of face value Rs.5/- each aggregating up to Rs.[*] crores by Pride Orchades Private Limited, up to 2,518,748 equity shares of face value Rs.5/- each aagregating up to Rs.[*] crores by SP Realtors Private Limited, up to 1,855,919 equity shares of face value Rs.5/- each aggregating up to Rs.[*] crores by SP Capital Consultants Private Limited, up to 3,267,900 equity shares of face value Rs. 5/- each aggregating up to Rs.[*] crores by SP Capital Financing Limited ("promoter group selling shareholder") (together the "selling shareholders") and such offer by the selling shareholders, the "offer for sale").
The company, in consultation with the book running lead managers ("brlms"), may consider an issue of equity shares, aggregating up to Rs.52.00 crores, prior to filing of the ("pre-ipo placement"). 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. 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 equity shares is Rs. 5/- each. 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. |