Initial public offering of 28,233,323# equity shares of face value of
Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 186 per equity share (including a share premium of Rs. 176 per equity share) ("Offer Price") aggregating to Rs. 525.14# crores (the "Offer") comprising a fresh issue of 2,150,537# equity shares of face value of Rs. 10 each aggregating to Rs. 40.00# crores by the company (the "Fresh Issue") and an offer for sale of 26,082,786# equity shares of face value of Rs. 10 each aggregating to Rs. 485.14# crores by Banyantree Growth Capital ii, LLC (the "Investor Selling Shareholder") (the "Offer for Sale"). The offer would constitute 34.41# % of the post-offer paid-up equity share capital of the company.
The face value of the equity shares is Rs. 10 each and the offer price is 18.6 times the face value of the equity shares.
#Subject to finalization of basis of allotment.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
22-Feb-2024
26-Feb-2024
₹ 186.00
₹ 0.00
Minimum Application for shares in Nos : 80.0
Further Multiples of : 80.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
37.52
JM Financial Ltd
Project Financed through Current Offer
525.14
Post Issue Equity Share Capital
82.05
Issue Price
₹186.00
Projects
Repayment or prepayment in full or in part of all or a portion of certain outstanding borrowings availed by the company from banks and financial institutions