| Initial public offer of 20,00,000 equity shares of face value of Rs.10 each ("equity shares") of Waa Solar Limited ("company" or "issuer") for cash at a price of Rs. 161 per equity share (including a share premium of Rs. 151 per equity share) ("issue price") aggregating to Rs. 32.20 Crores ("issue" ) consisting of a fresh issue of 17,50,000 equity shares of face value of Rs.10 each ("equity shares") for cash at a price of Rs. 161 per equity share aggregating to Rs. 28.17 Crores ("issue") and 2,50,000 equity shares of face value of Rs.10 each ("equity shares") for cash at a price of Rs. 161 per equity share aggregating to Rs. 4.03 Crores through an offer for sale by Mr. Ashok Khurana and Mrs. Manju Khurana (referred as selling shareholders forming part of promoter group) of which 1,04,000 equity shares of face value of Rs.10.00 each for a cash price of Rs. 161 per equity share, aggregating to Rs. 1.67 Crores will be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 18,96,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 161 per equity share aggregating to Rs. 30.53 Crores (is hereinafter referred to as the "net issue"). The issue and the net issue will constitute 30.15% and 28.58%, respectively of the post issue paid up equity share capital of the company.
The face value of the equity shares is Rs. 10 each and the issue price is Rs.161 each. The issue price is 16.1 times of the face value.
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