| Initial public offering of 20,596,938*# equity shares of face value of
Rs. 10 each ("Equity Shares") of Dee Development Engineers Limited ("The Company" or the "Issuer") for cash at a price of Rs. 203.00 per equity share ("Offer Price") aggregating to Rs. 418.01# crores (the "Offer"). The offer comprises of a fresh issue of 16,014,938*# equity shares by the company aggregating upto Rs. 325.00# crores (the "Fresh Issue") and an offer for sale of 45,82,000*# equity shares (the "Offered Shares") by Krishan Lalit Bansal ("Selling Shareholder") aggregating to Rs. 93.01# crores (the "Offer for Sale"). The offer shall constitute 29.83#% of the post-offer paid-up equity share capital of the company.
This offer included a reservation of 54,347# equity shares (constituting 0.08%# of the post offer paid up equity share capital of the company) aggregating to Rs. 1.00# crores for subscription by eligible employees (as defined herein) ("Employee Reservation Portion"). The employee reservation portion did not exceed 5%# of the post-offer paid-up equity share capital. The offer less the employee reservation portion is referred to as the "Net Offer". The company, in consultation with the book running lead managers, offered a discount of Rs. 19.00 per equity share to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer and the net offer constitutes 29.83%# and 29.75%#, respectively, of the post-offer paid-up equity share capital of the company.
The face value of the equity shares is Rs. 10 each and the offer price is 20.30 times the face value of the equity shares.
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