| Public offer of 65,55,000 equity shares of Rs. 10 each ("Equity Shares") of Suyog Gurbaxani Funicular Ropeways Limited ("SGFRL" or The "Company") for cash at a price of Rs. 45 per share (The "Offer Price"), aggregating to
Rs. 29.50 crores ("The Offer"), consisting of fresh issue of 15,00,000 equity shares aggregating Rs. 6.75 crores (The"Fresh Issue") and an offer for sale of 50,55,000 equity shares aggregating Rs. 22.75 crores comprising of 20,18,600 equity shares by Mr. Shivshankar Lature, 9,00,000 equity shares by Mr. Rajkumar Gurbaxani, 8,98,516 equity shares by Mr. Omprakash Gurbaxani (the promoter selling shareholders) 3,25,000 equity shares by MS. Subhshita Lature, 3,25,000 equity shares by Mr. Suyash Lature, 1,78,000 equity shares by Mrs. Jyoti Gurbaxani, 1,78,000 equity shares by Mrs. Veenu Gurbaxani, 1,11,884 equity shares by Mrs. Suchitra Lature, 60,000 equity shares by R D Gurbaxani HUF and 60,000 equity shares by O D Gurbaxani HUF (the promoter group selling shareholders) (the promoter selling shareholders and promoter group selling shareholders, collectively referred as "Selling Shareholders" and such offer for sale by the selling shareholders, the "Offer for Sale") of which 3,33,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 62,22,000 equity shares of Rs. 10 each is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 26.37% and 25.03%, respectively of the post offer paid up equity share capital of the company
The Face Value of the equity shares is Rs. 10/- each.
The offer price is 4.5 times of the face value. |