| Initial public offering of up to [*] equity shares of face value of Rs. 2/- each ("equity shares") of the company for cash at a price of Rs. [*] per equity share (including a share premium of
Rs. [*] per equity share) ("offer price") aggregating up to
Rs. [*] crores ("offer"). The offer comprises a fresh issue of up to [*] equity shares (of face value of Rs. 2/- each) aggregating up to Rs. 150.00 crores by the company ("fresh issue") and an offer for sale of up to 12,307,500 equity shares of face value of Rs.2/- each ("offered shares") aggregating up to Rs.[*] crores,
comprising of up to 1,867,000 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Sandeep Sudhakar Asolkar (held Jointly with Priya Sandeep Asolkar), up to 843,000 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Saketchandrasingh Pratapsingh Dhandoriya, (the "Promoter Selling Shareholders") up to 2,377,000 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Sarvesh Kumar Garg, up to 1,975,000 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Sandeep Sambhaji Parab, up to 1,975,000 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Rajesh Kesavan Nambisan, up to 1,975,000 equity shares of face value of Rs.2/- each
aggregating up to Rs. [*] crores by Kumaraguru Madurakavi, up to 922,000 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Veera Venkata Satyanarayana Yannamani, up to 230,000 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Jaya Chandrakant Gogri (held Jointly with Chandrakant Vallabhaji Gogri and Hetal Gogri Gala), up to 70,000 equity shares of face value of Rs.2/- each aggregating up to Rs. [*] crores by Jayshree Harit Shah (held Jointly with Harit Pragji Shah), up to 36,750 equity shares of face value of Rs. 2/- each aggregating up to Rs. [*] crores by Hardik Suresh Matalia and up to 36,750 equity shares of face value of Rs. 2/- each aggregating up to Rs. [*] crores by Parag Bipinchandra Shah (the "Other Selling Shareholders", and together with the promoter selling shareholders, the "selling shareholders" and such offer for sale of equity shares by the selling shareholders, the "offer for sale").
In accordance with and subject to regulation 33 of the sebi icdr regulations, the offer may include a reservation of up to [*] equity shares (of face value of Rs.2/- each), aggregating up to Rs.[*] crores (constituting up to [*]% of the post offer paid-up equity share capital of the company), for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "net offer". The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. the company, in consultation with the book running lead managers, may offer a discount of up to [*]% (equivalent to Rs.[*] per equity share) to the offer price to eligible employees bidding under the employee reservation portion ("employee discount").
The company, in consultation with the brlms, may consider a further issue of specified securities as may be permitted under applicable law, at its discretion, aggregating up to Rs.30.00 crores (the "pre-ipo placement"), prior to the filing of 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 scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue.
The face value of the equity share is Rs.2/- 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. |