Initial public offering of 58,94,400 equity shares of face value of Rs. 10/- each ("Equity Shares") for cash at a price of Rs. 93 per equity share (Including a Premium of Rs. 83 Per Equity Share) ("Issue Price") aggregating to Rs. 54.82 Crores ("the Issue"). The issue constituted 28.50% of the post-issue paid up equity share capital of the company.
The issue included a reservation of 7,20,000 equity shares aggregating to Rs. 6.70 Crores (Constituting 3.48% of the post issue paid-up equity share capital of the company) for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue will constituted 28.50% and 25.02% respectively, of the post- issue paid-up equity share capital of the company.
Price Band: Rs. 93/- per equity share of face value of Rs. 10/- each.
The floor price 9.3 times the face value of the equity shares.
Bids can be made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.