| Public offer of 49,08,000 equity shares of face value of Rs. 10 each ("equity shares") of Steel City Securities Limited (the "company" or the "issuer") for cash at a price of Rs. 55 per equity share (including a share premium of Rs. 45 per equity share) aggregating upto Rs. 26.99 crores consisting of a fresh issue of 27,26,183 equity shares aggregating upto Rs. 14.99 crores (the "fresh issue") and an offer for sale of 21,81,817 equity shares of the company comprising of 8,94,809 equity shares by Mr. G. Sree Rama Murthy, 5,96,540 equity shares by Mr. K. Satyanarayana and 6,90,468 equity shares by Mr. G. Rajagopal Reddy (collectively the "selling shareholders") ("offer for sale") aggregating to Rs. 12 crores (the "offer") (the "offer for sale" and the "fresh issue" are together referred to as, the "offer"). of the offer, 2,46,000 equity shares of face value of Rs. 10 each for a cash price of Rs. 55 per equity share, aggregating to 1.35 crores will be reserved for subscription by market maker ("market maker reservation portion"). The offer less the market maker reservation portion i.e. Offer of 46,62,000 equity shares of face value of Rs. 10 each at an offer price of Rs. 55 per equity share aggregating to 25.64 crores is hereinafter referred to as the "net offer". The offer and the net offer will constitute 32.49% and 30.86 %, respectively of the post issue paid up equity share capital of the company.
The Face value of the equity shares is Rs. 10 each. The Offer price is Rs. Rs.55 per equity share and is 5.5 times of the face value.
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