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Initial public offering of 15,714,200* equity shares of face value of Rs10/- each ("Euity Shares") of the company for cash at a price of Rs140/- per equity share (Including a Share Premium of Rs130/- per Equity Share) ("Issue Price") Aggregating to Rs220.00 crores* (the "Issue") the issue being 26.23% of the post-issue paid-up equity share capital of the company.
The company has, in consultation with the brlm, undertaken a pre-ipo placement of 4,400,000 equity shares at an issue price of Rs125/- per equity share (including a Premium of Rs115/- per Equity Share) aggregating Rs55.00 crores on october 21, 2024 to Malabar India Fund Limited and Carnelian Bharat Amritkaal Fund. the size of the issue has been reduced by Rs55.00 crores pursuant to the pre-ipo placement and the revised size of the issue is Rs220.00 crores*. The company has appropriately intimated the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the issue may come through or listing shall happen and the investment is being done solely at the risk of the investor. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement has been appropriately made in the relevant sections.
The face value of the equity share is Rs10/- each and the issue price is 14 times the face value of the equity shares.
* Subject to finalization of basis of allotment.