| Initial public offering of 40,00,800 equity shares of face value of Rs.10 each ("equity shares") of Jash Engineering Limited (the "company" or the "issuer") for cash at a price of Rs.120 per equity share including a share premium of Rs. 110 per equity Share (the "offer price"), aggregating to Rs. 48.01 Crores (the "offer") comprising of a fresh issue of 22,61,198 equity shares By the company aggregating to Rs. 27.13 crores (the "fresh issue") and an offer for sale of 17,39,602 equity shares aggregating up to Rs. 20.88 Crores by Pragati India Fund Limited, (the "selling shareholder") ("offer for sale"). And together With fresh issue ("the offer"). The offer comprises 2,00,400 equity shares of face Value of Rs.10 each for cash at a price of Rs.120 per equity share, aggregating up to Rs. 2.40 Crores reserced for subscription by the market maker to the offer (the "market maker reservation portion"). The offer less market maker reservation portion i.e. 38,00,400 equity shares of face value of Rs.10 each for cash at a price of Rs.120 per equity share, aggregating Rs.45.60 crores is hereinafter referred to as the "net offer". The offer and the net offer will constitute 33.80% and 32.11%, respectively of the post offer paid up equity share Capital of the company.
The face value of the equity shares is Rs.10 each.
The offer price is Rs.120 is 12.00 times the face value of each equity shares.
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