| Initial public issue of 49,38,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Kalana Ispat Limited (the "Company") for cash at a price of Rs. 66 per equity share (including a share premium of Rs. 56 per equity share) (the "Issue Price"), aggregating upto Rs. 32.59 crores ("The Issue"), of which 2,48,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 66 per equity share, aggregating to Rs. 1.64 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 46,90,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 66 per equity share, aggregating to Rs. 30.95 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 37.87% and 35.97% respectively of the fully diluted 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 of
Rs. 66 is 6.6 times of the face value of the equity shares.
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