Initial public offering of up to [*] equity shares of face value of Rs. 10 each ("Equity Shares") of Renfra Energy India Limited ("The Company" or the "Issuer") for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) ("Offer Price") aggregating up to Rs. [*] Crores ("Offer"). The offer comprises of a fresh issue of up to [*] equity shares of face value Rs. 10 each aggregating up to Rs. 430.00 Crores (the "Fresh Issue") and an offer for sale of up to 4,794,800 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores (the "Offer For Sale"), by selling shareholders, up to 1,260,900 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] million by Arumuga Raja, up to 434,310 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Mangal Keshav Capital Limited, up to 400,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Deep Ashokbhai Sanghvi, up to 280,200 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Ami Niraj Shah, up to 280,200 equity shares of face value of Rs. 10 each aggregating up to Rs.[*] Crores by Anant Wealth Consultants Private Limited, up to 280,200 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Cork Products Private Limited, up to 280,200 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Saumik Ketankumar Doshi, up to 210,000equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Krupa Prashant Mehta, up to 140,100 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Dhrumal Pradip Shah, up to 140,100 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Trevadiya Kumar Chandrakant, up to 140,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Milamben Kiritbhai Shah, up to 70,050equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores By Bhadrik Pramodbhai Sanghavi, up to 70,050 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Chandrakant Swaroopchand Sanghvi, upto 70,050 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Darshan Abhay Mehta, up to 70,050 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Krishna Bhavya Morabia up to 70,050 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Megha Bhavin Mehta, up to 70,050 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Niketa Piyush Shah, up to 70,050 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Rameshbhai Vaghajibhai Shah, up to 70,050 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Rameshbhai Vaghajibhai Shah Huf, up to70,050 equity shares of face value of Rs. 10 each aggregating up to Rs. [*]million by Shreyans C Sanghvi Huf, up to 70,050 equity shares of face value of Rs.10 each aggregating up to Rs. [*] Crores by Shreyans Chandrakant Sanghvi, up to70,050 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Uravasiben Chandrakanthbhai Sangavi, up to 50,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Shah Anand Arvind, upto 36,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Nisarg Jayesh Sheth, up to 36,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Soham Fincare India Llp, up to 28,020equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Karan Ajaykumar Sheth Huf, up to 28,020 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Sanghavi Varsha Vaibhav, (collectively referred to as the "Selling Shareholders"). The offer will constitute[*]% of the post-offer paid-up equity share capital.
The company, in consultation with the brlm, may consider an issue of equity shares, as may be permitted under applicable law, to any person(s), aggregating up to Rs. 50.00 Crores at its discretion, prior to filing of the red herring prospectus with the roc ("Pre-Ipo Placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. 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% 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 prospectus.
The face value of the equity share is Rs. 10 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.