Initial public offer of 64,96,800 equity shares of face value of Rs. 10/- each ("Equity Shares") of Glen Industries Limited (the "Company" or "Gil" or "issuer") at an issue price of Rs. 97 per equity share (including a share premium of Rs. 87 per equity share) for cash, aggregating Rs. 62.94 crores ("Public Issue") out of which 3,25,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 97 per equity share for cash, aggregating Rs. 3.15 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion") and 1,53,600^ equity shares aggregating Rs.1.41 crores for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The company in consultation with the brlm, offered a discount equivalent of Rs. 5/- per equity share to the eligible employees bidding in the employee reservation portion ("Employee Discount") the public issue less market maker reservation portion and employee reservation portion i.e. issue of 60,18,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 97 per equity share for cash, aggregating Rs. 58.37 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 27.00% and 25.01% respectively of the post-issue paid-up equity share capital of the company.
^A discount of Rs. 5 per equity share was offered to eligible employee bidding in the employee reservation portion.