| Initial public offering of up to [*] equity shares of face value of Rs. 2/- each ("equity shares") of Kanohar Electricals Limited ("company" or "issuer") 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 (the "offer") comprising of a fresh issue of up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 300.00 crores ("fresh issue") and an offer for sale of up to 14,590,000 equity shares of face value of Rs. 2/- each ("offered shares") aggregating up to Rs. [*] crores by K Sons Family Trust ("promoter selling shareholder" and such equity shares offered by the promoter selling shareholder, the "offered shares"). The offer shall constitute [*]% of the post-offer paid up equity share capital of the company.
The company in consultation with the book running lead managers, may consider a pre-ipo placement for an amount aggregating up to Rs. 60.00 crores, as may be permitted under applicable law, at its discretion, 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. 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. The company shall report any pre-ipo placement to the stock exchanges, within 24 hours of such pre-ipo placement (in part or in entirety) and as may be required under applicable law. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and the prospectus.
The face value of the equity shares 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. |