Initial public offer of upto 70,46,400 equity shares of face value of Rs. 10/- each ("equity shares") of the company at an
offer price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating up to Rs. [*] crores ("public offer") comprising a fresh issue of upto 66,74,400 equity shares of face value of Rs. 10/- each aggregating to Rs. [*] crores (the "fresh issue") and an offer for sale of upto 3,72,000 equity shares of face value of Rs. 10/- each comprising of 1,86,000 equity shares of face value of Rs. 10/- each by Mohmmadhasnein Husenali Narsinh and upto 1,86,000 equity shares of face value of Rs. 10/- each by Husenali Yusufali Narsinh ("the selling shareholders or "promoter selling shareholders") ("offer for sale") aggregating to Rs. [*] crores, out of which [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the offer (the "market maker reservation portion"). The public offer less market maker reservation portion i.e. offer of [*] equity shares of face value of Rs. 10/- each of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores is hereinafter referred to as the "net offer". The public offer and net offer will constitute [*]% and [*]% respectively of the post- offer paid-up equity share capital of the company.
The price band and the minimum bid lot will be decided by the company.