Initial public offer of upto 54,00,000 equity shares of face value of Rs. 10/- each (the "equity shares") of Susan Electricals India Limited ("the company" or "Seil" or "the issuer") at an offer price of Rs. [*] per equity share for cash, aggregating up to
Rs.[*] crores ("public offer") comprising of a fresh issue of upto 47,80,000 equity shares aggregating to Rs. [*] crores (the "fresh issue") and an offer for sale of upto 6,20,000 equity shares by the promoter selling shareholder, Vishal Jain ("offer for sale") aggregating to Rs. [*] crores, (hereinafter refferd as "promoter selling shareholders") 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, at an offer priceof Rs. [*] per equity share for cash, aggregating Rs. [*] crores is herein after referred to as the "net offer". The public offer and net offer will constitute 26.51% 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.