Initial public offer of up to 34,00,000 equity shares of face value Rs. 10 each (the "Equity Shares") of Selzer Polymers Limited ("the Company" or "Selzer" or the "Issuer") for cash at an issue price of Rs. [*] per equity share (including a securities premium of Rs. [*] per equity share) ("Issue Price"), aggregating up to Rs. [*] Crores (the "Issue") of which [*] equity shares aggregating to Rs. [*] Crores will be reserved for subscription by market maker ("Market Maker Reservation Portion") and upto 60,000 equity shares aggregating up to Rs. [*] Crores for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The issue less the market maker reservation portion and employee reservation portion i.e. Issue of[*] equity shares of face value of rs. 10.00/- each at an issue price of rs. [*] /- per equity share aggregating to Rs. [*] Crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute [*]% and [*]%, respectively of the post issue paid up equity share capital of the company.
The face value of equity shares is Rs. 10/- each. The issue price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.