| Public issue of 36,00,000 equity shares of Rs. 10 each ("equity shares") of Shreeshay Engineers Limited ("SEL" or the "company") for cash at a price of Rs. 15 per share (the "issue price"), aggregating to Rs. 5.40 crores ("the issue"), of which 1,92,000 equity shares of face value of Rs. 10 each will be reserved for subscription by market makers to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. Issue of 34,08,000 equity shares of face value of Rs. 10 each is hereinafter referred to as the "net issue". The issue and the net issue will constitute 27.27% and 25.81%, respectively of the post issue paid up equity share capital of the company.
The Face value of the equity share is Rs. 10 and the issue price is 1.5 times of the face value.
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