Initial public offering of up to 12,567,441 equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of
Rs. 215 per equity share (including a share premium of Rs. 205 per equity share) ("Offer Price") aggregating up to Rs. 270.20 crores (the "Offer") comprising a fresh issue of up to 9,767,441 equity shares aggregating up to Rs. 210.00 crores by the company (the "Fresh Issue") and an offer for sale of up to 2,800,000 equity shares aggregating up to Rs. 60.20 crores by Grandhi Bharata Mallika Ratna Kumari (huf) (promoter selling shareholder) and such offer for sale of equity shares by the promoter selling shareholder, the "Offer for Sale"). The offer would constitute 25.73% of the post-offer paid-up equity share capital of the company.
^Subject to finalisation of basis allotment
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
22-Sep-2023
26-Sep-2023
₹ 215.00
₹ 0.00
Minimum Application for shares in Nos : 69.0
Further Multiples of : 69.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
189.34
Bajaj Capital Ltd
Project Financed through Current Offer
270.20
Post Issue Equity Share Capital
48.85
Issue Price
₹215.00
Projects
Estimated capital expenditure cost for the proposed eight (8) new showrooms
Estimated inventory cost for new showrooms proposed to be opened