| Initial public offer of up to 54,99,200 equity shares of face value of Rs. 10/- each ("Equity Shares") of Oval Projects Engineering Limited ("the Company" or the "Issuer") for cash, at a price of Rs. 85 per equity share (including a share premium of Rs. 75 per equity share) ("Issue Price") aggregating upto Rs. 46.74 crores ("Issue") out of which 3,04,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 85 per equity share for cash, aggregating
Rs. 2.58 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 51,95,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 85 per equity share for cash, aggregating upto Rs. 44.16 crores is herein after referred to as the "Net Issue". The issue and net issue will constitute [*]% and [*]%, respectively of the post-issue paid-up equity share capital of the company. |