| Initial public offering of up to [*] equity shares of face value of Rs. 5 each ("Equity Shares") of Shivalik Engineering Industries Limited (the "Company" or the "Issuer") for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (the "Offer Price") aggregating up to Rs. [*] crores (the "Offer") comprising a fresh issue of up to [*] equity shares of face value of Rs. 5 each by the company aggregating up to Rs. 335.00 crores (the "Fresh Issue") and an offer for sale of up to 4,130,000 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] crores (the "Offer for Sale"), comprising up to 1,204,260 equity shares of face value of Rs. 5 each aggregating up to Rs.[*] crores by Giriraj Singhania, up to 1,204,260 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] crores by Raghvendra Singhania, up to 802,760 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] crores by Vishal Sharma, up to 211,200 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] crores by Mohit Sharma, up to 12,320 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] crores by Pankaj Sharma , up to 220,000 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] crores by Dhruv Kumar Nagwani, up to 220,000 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] crores by Navin Kumar Nagwani, and up to 255,200 equity shares of face value of
Rs. 5 each aggregating up to Rs. [*] crores by Padam Kumar Nagwani together the "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares").
This offer includes a reservation of up to [*] equity shares 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 company, in consultation with the book running lead managers, may offer a discount of up to [*] % (equivalent of
Rs. [*] per equity share) to the offer price to eligible employees bidding under the employee reservation portion ("Employee Discount"). The employee reservation portion shall not exceed 5.00% of the post-offer paid-up equity share capital. 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 consider issue of specified securities as may be permitted under applicable law to any person(s), aggregating up to Rs. 67.00 crores, at its discretion, with the roc ("pre-ipo placement"). If the pre-ipo placement is completed, the size of the fresh issue will be reduced to the extent of such pre-ipo placement, subject to the offer complying with the minimum offer size requirements prescribed under rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended ("scrr").
The face value of the equity shares is Rs. 5 each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be determined by the company.
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