| Initial public offer of up to [*] equity shares of face value of Re.1/- each ("Equity Shares") of Runwal Developers Limited ("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. 2000 Crore comprising a fresh issue of up to [*] equity shares of face value of Re. 1/- each aggregating up to Rs. 1700 Crore by the company ("Fresh Issue") and an offer for sale of up to [*] equity shares of face value of Re.1/- each aggregating upto Rs. 300 Crore ("Offered Shares") consisting of up to [*] equity shares of face value of Re. 1/- each aggregating up to Rs. 300 Crore by Sandeep Subhash Runwal (referred to as "The Promoter Selling Shareholder" or "The Selling Shareholder") and such equity shares offered by the promoter selling shareholder ("Offer For Sale",and together with the fresh issue, the "Offer").
The company, in consultation with the brlms, may consider an offer of specified securities aggregating up to Rs. 340 Crore, as may be permitted under applicable law, prior to filing of the red herring prospectus with the roc ("Pre-Ipo Placement"). 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 securities contracts (Regulation) rules, 1957, as amended. 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. 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 equity shares is Re. 1/- 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. |