Initial public offer of [*] equity shares of face value of Rs.10 each ("Equity Shares") of Paramotor Digital Technology Limited ("Company") for cash at a price of Rs.[*] per equity share (including a share premium of Rs.[*] per equity share) ("Offer Price") aggregating up to Rs.10,000.00 Crores (the "Offer") comprising a fresh issue of [*] equity shares of face value of Rs.10 each aggregating up to Rs.698.00 Crores by the company ("Fresh Issue") and an offer for sale of [*] equity shares of face value of Rs.10 each aggregating up to Rs.302.00 Crores (the "Offer for Sale"), consisting of [*] equity shares of face value of Rs.10 each aggregating up to Rs.151.00 Crores by sonia pankaj asher and [*] equity shares of face value of Rs.10 each aggregating up to Rs.151.00 Crores by rahul anand (collectively, the "Promoter Selling Shareholders", and such equity shares, the "Offered Shares").
The company, in consultation with the brlms, may consider a pre-ipo placement of specified securities for an amount aggregating up to Rs. 139.60 Crores, in one or more tranches, as may be permitted under applicable law, at the discretion, 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 securities contracts (regulation) rules, 1957, as amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. prior to the completion of the offer, 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 offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. 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 company shall report any pre-ipo placement to the stock exchanges, within 24 hours of such pre-ipo placement (in part or in entirety) and as may be required under applicable law.
The offer includes a reservation of [*] equity shares of face value of Rs.10 each, aggregating up to Rs.[*] Crores (constituting up to [*]% of the post-offer paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The company, in consultation with the brlms may offer a discount of up to [*]% of the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the "net offer". The offer and the net offer shall constitute [*]% and [*]% of the post-offer paid-up equity share capital of the company, respectively.
The face value of equity shares is Rs.10 each. 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.