Initial public offering of up to 11,500,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Mount Everest Breweries Limited ("Our Company" or the "Issuer") for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share ("Issue Price") aggregating up to Rs. [*] Crores (the "Issue").
prior to filing of the red herring prospectus with the roc. the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. 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 20.00% of the size of the fresh issue. the utilisation of the proceeds raised pursuant to the pre-ipo placement will be done towards the objects in compliance with applicable law. Prior to the completion of the issue, 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 issue or that the issue may be successful and will result in the listing of the equity shares on the stock exchanges. The company shall report any pre-ipo placement to the stock exchanges within 24 hours of such pre-ipo placement (in part or in entirety). Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and the prospectus.
The face value of the equity share is Rs.10 each. The issue price is [*] times the face value of the equity shares. The price band and the minimum bid lot size will be decided by the company.