Initial public offering of up to 77,156,663 equity shares of face value of Rs.1 each ("Equity Shares") of Inox Air Products Limited ("Company" or "Issuer") for cash at a price of Rs.[*] per equity share ("Offer Price") aggregating to Rs. [*] Crores ( "Offer") through an offer for sale of up to 77,156,663 equity shares of face value Re.1 each aggregating to Rs.[*] Crores, comprising of up to 38,578,328 equity shares of face value Re.1 each aggregating to Rs.[*] Crores by prodair corporation, up to 11,765,280 equity shares of face value Re.1 each aggregating to Rs.[*] Crores by inox chemicals llp, up to 11,649,450 equity shares of face value Re.1 each aggregating to Rs.[*] Crores by siddho mal trading llp, up to 14,673,000 equity shares of face value Re.1 each aggregating to Rs.[*] Crores by siddhomal air products private limited, and up to 490,605 equity shares of face value Re.1 each aggregating to Rs.[*] Crores by Sitashri Trading and Finance Private Limited (collectively, the selling shareholders, and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale").
The 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 purchase by eligible employees (the "Employee Reservation Portion").
The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer would constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital.
The face value of the equity shares is Rs.1 each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.