Initial public offering of up to [*] equity shares of face value of Re.1/- each ("equity shares") of Duroflex Limited ( "company") for cash at a price of Rs.[*] per equity share (including a share premium of Rs.[*] per equity share) ("offer price") aggregating up to Rs.[*] crores comprising a fresh issue of up to [*] equity shares of face value of Re.1/- each aggregating up to
Rs. 183.60 crores by the company ("fresh issue") and an offer for sale of up to 22,564,569 equity shares of face value of Re.1/- each aggregating up to Rs.[*] crores by the selling shareholders, up to 1,912,252 equity shares of face value of Re.1/- each aggregating up to Rs.[*] crores by Jacob Joseph George, up to 5,736,755 equity shares of face value of Re.1/- each aggregating up to Rs.[*] crores by Mathew Chandy, up to 2,294,702 equity shares of face value of Re.1/- each aggregating up to Rs.[*] crores by Mathew George and up to 3,059,602 equity shares of face value of Re.1/- each aggregating up to Rs.[*] crores by Mathew Antony Joseph (collectively the "promoter selling shareholders") and up to 9,460,574 equity shares aggregating up to Rs.[*] crores by Lighthouse India Fund III, Limited and up to 100,684 equity shares aggregating up to Rs.[*] crores by Lighthouse India III employee trust (collectively, the "investor selling shareholders") (the promoter selling shareholders together with the investor selling shareholders, the "selling shareholders" and such equity shares so offered by the selling shareholders, the "offered shares" and such offer, the "offer for
sale" and together with the fresh issue, the "offer". The company, in consultation with the book running lead managers, may consider pre-ipo placement aggregating up to Rs.36.72 crores, as may be permitted under the applicable law, at its discretion, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the book running lead managers. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. the utilisation of the proceeds raised pursuant to the allotment of the equity shares issued pursuant to the pre-ipo placement will be done towards the general corporate purposes portion of the objects of the offer, unless auditor certified disclosures are made with regards to its utilization towards the disclosed specific objects of the offer. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer, or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken).
This offer includes a reservation of up to [*] equity shares of face value Re.1/- each (constituting up to [*]% of the post-offer paid-up equity share capital) for subscription by eligible employees (the "employee reservation portion") and net offer of up to [*] equity shares of face value Re.1/- each. the offer less the employee reservation portion is hereinafter referred to as the "net offer". The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company.
The face value of equity shares is Re.1/- each. The offer price is [*] times the face value of the equity shares.
The price band, and the minimum bid lot shall be decided by the company.