Registered Office:
385/2 Pigdamber Near,Mashal Hotel Rau,
Indore - 453331,
Madhya Pradesh, India.
Phone : +91-731-6676405
Fax : NA
Initial public offering of 17,786,442 equity shares of face value of (Rs) 2 each ("Equity Shares") of the company for cash at a price of (Rs) 988.00 per equity share ( Including a Share Premium of (Rs) 986.00 Per Equity Share) ("Offer Price") aggregating (Rs) 1757.00 Crores ("Offer"). The offer comprised a fresh issue of 1,521,261 equity shares of face value of (Rs) 2 each aggregating (Rs) 150.00 Crores by the company ("Fresh Issue") and an offer for sale of 16,265,181 equity shares of face value of (Rs) 2 each ("Offered Shares") aggregating (Rs)1607.00 Crores, comprising of 1,457,489 equity shares of face value of (Rs) 2 each aggregating (Rs) 144.00 Crores by Satwani Holdings LLP (the "Promoter Selling Shareholder"), 10,000,000 equity shares of face value of (Rs) 2 each aggregating (Rs)988.00 Crores by Rosewood Investments and 4,807,692 equity shares of face value of (Rs) 2 each aggregating (Rs) 475.00 Crores by India Business Excellence fund - III (the "Investor Selling Shareholders", and together with the promoter selling shareholder, the "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer For Sale"). The offer will constituted 27.68% of the post-offer paid up equity share capital of the company.
The offer includes a reservation of 33,407 equity shares of face value of (Rs) 2 each aggregating (Rs) 3.00 Crores ( Constituting 5% of the post offer paid-up equity share capital of the company), for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 27.68% and 27.63%, respectively, of the post-offer paid-up equity share capital of the company. The company, in consultation with the book running lead managers, may offer a discount of 9.11% (equivalent to (Rs)90.00 per equity share) to the offer price to eligible employees bidding under the employee reservation portion ("Employee Discount").
Price Band: (Rs) 988 per equity share of face value of (Rs) 2 each.
The floor price is 494.00 times of the face value of the equity shares.
Bids can be made for a minimum of 15 equity shares of face value of (Rs) 2 each and in multiples of 15 equity shares of face value of (Rs) 2 each thereafter.
Discount of (Rs) 90.00 per equity share of face value of (Rs) 2 is being offered to eligible employees bidding in the employee reservation portion.
Opens On
Closes On
Application
Allotment
24-Aug-26
27-Aug-26
988.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
15
Further Multiples of :
15
(Rs.Cr)
Lead Managers to the Issue
Project Cost
142.03
Avendus Capital Private Limited