| Public offer of 27,98,400 equity shares of face value Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 86/- per equity share (including a securities premium of Rs. 76/- per equity share) (the "Offer Price"), aggregating to Rs. 24.07 crores ("Offer"), comprising a fresh issue of 20,49,600 equity shares aggregating to Rs. 17.63 crores (the "Fresh Issue") and an offer for sale of 7,48,800 equity shares by Matashree Mercantile Private Limited ("The Selling Shareholder") ("Offer for Sale") aggregating to Rs. 6.44 crores, out of which 1,40,800 equity shares aggregating to Rs. 1.21 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 26,57,600 equity shares of face value of
Rs. 10 each at an offer price of Rs. 86/- per equity share aggregating to
Rs. 22.86 crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 26.78% and 25.43%, respectively of the post offer paid up equity share capital of the company.
The face value of the equity share is Rs. 10/- and the offer price is 8.6 times of the face value.
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