| Initial public offer of 14,122,108 equity shares of face value of Rs. 2 each ("Equity Shares") of Azad Engineering Limited ("Company") for cash at a price of Rs. 524 per equity share (including a securities premium of Rs. 522 per equity share) ("Offer Price") aggregating up to Rs. 740.00 crores* (the "Offer") comprising a fresh issue of 4,580,151* equity shares aggregating up to Rs. 240.00 crores* by the company ("Fresh Issue") and an offer for sale of 9,541,957* equity shares aggregating up to Rs. 500.00 crores* (the "Offer for Sale"), comprising of 3,911,545* equity shares aggregating up to
Rs. 204.97 crores* by Rakesh Chopdar, 4,978,062* equity shares aggregating up to Rs. 260.85 crores* by Piramal Structured Credit Opportunities Fund and 652,350* equity shares aggregating up to Rs. 34.18 crores* by DMI Finance Private Limited (collectively the "Selling Shareholders") (such equity shares offered by the selling shareholders, the "Offered Shares"). The offer includes a reservation of up to 76,335* equity shares, aggregating up to
Rs. 4.00 crores (constituting 0.13% of the post offer paid-up equity share capital of the company) for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constitute 23.89% and 23.76%, respectively, of the post-offer paid-up equity share capital of the company.
The face value of equity shares is Rs. 2 each. The offer price is 262 times the face value of the equity shares.
*Subject to finalisation of basis of allotment
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