Initial public offering of 1,88,57,142^ equity shares of face value of
Rs. 10/- each ("Equity Shares") of the company for cash at a price of
Rs. 35/- per equity share (including a share premium of Rs. 25/- per equity share) ("Issue Price") aggregating to Rs. 66.00 crores ("Issue"). The issue shall constitute 34.06% of the post-issue paid-up equity share capital of the company.
^Subject to finalisation of basis of allotment
The face value of equity shares is Rs. 10 each. The issue price is 3.5 times the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
20-Mar-2023
23-Mar-2023
₹ 35.00
₹ 0.00
Minimum Application for shares in Nos : 428.0
Further Multiples of : 428.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
61.16
Saffron Capital Advisors Pvt Ltd
Project Financed through Current Offer
66.00
Post Issue Equity Share Capital
55.36
Issue Price
₹35.00
Projects
Funding incremental working capital requirements of the company