Initial public offer of upto 38,50,000 equity shares of face value of Rs.10/- each (the "equity shares") of Happy Steels Limited ("the company" or "the issuer") at an issue price of
Rs. [*] per equity share (including share premium of [*] per equity share) for cash, aggregating up to Rs.[*] crores ("public issue") out of which upto [*] equity shares of face value of Rs.10/- each, at an issue price of Rs.[*] per equity share for cash, aggregating Rs.[*] crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The public issue less market maker reservation portion i.e issue of [*] equity shares of face value of Rs.10/- each, at an issue price of Rs.[*] per equity share for cash, aggregating upto Rs.[*] crores is herein after referred to as the "net issue". The public issue and net issue will constitute [*]% and [*]% respectively of the post- issue paid-up equity share capital of the company.
The price band and the minimum bid lot will be decided by the company.