| Initial public offering of 38,78,400 equity shares of facevalue of Rs.10/- each ("Equity Shares") for cash at a price of Rs.180/- per equityshare (including a premium of Rs.170/- per equity share) ("Offer Price")aggregating to Rs.69.81 crores ("The Offer"). The offer comprises a fresh issueof 31,99,200 equity shares aggregating to Rs.57.59 crores ("Fresh Issue") andan offer for sale of 6,79,200 equity shares ("Offered Shares") aggregating to Rs. 12.23 crores, comprising 3,39,600 equity shares aggregating to Rs.6.11 crores by Sanjeev Kandhari ("Promoter Selling Shareholder") and 3,39,600 equity sharesaggregating to Rs.6.11 crores by Amit Kandhari ("Promoter Selling Shareholder")(collectively, the "Selling Shareholders" and such offer for sale of equityshares by the selling shareholders, the "Offer for Sale").
The offer willconstitute 26.39% of the post-offer paid upequity share capital of the company. The offer includes a reservation of1,94,400 equity shares aggregating to Rs.3.50 crores (constituting 1.32% of the post offer paid-up equity share capitalof the company) for subscription by market maker ("market maker reservationportion"). The offer less the market maker reservation portion is hereinafterreferred to as the "Net Offer". The offer and the net offer constituted 26.39%and 25.06% 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 offerprice is 18.0 times of the face value of the equity shares. |