Registered Office:
1004 Xth Flr 360 Degree Busi.,Park LBS Marg Mulund (West),
Mumbai - 400080,
Maharashtra, India.
Phone : +91 22 2172 5623
Fax : NA
Initial public offering of 11,824,163** equity shares of face value of
(Rs) 10 each of the company ("Equity Shares") for cash at a price of (Rs) 735 per equity share (including a share premium of (Rs) 725 per equity share) ("Offer Price") aggregating to (Rs) 869.08 crores (the "Offer") comprising of a fresh issue of 7,374,163** equity shares aggregating to (Rs) 542.00 crores ("Fresh Issue") and an offer for sale of 4,450,000** equity shares ("Offered Shares") aggregating to (Rs) 327.08 crores comprising 1,250,000** equity shares by Devang Vasantlal Gandhi (huf) aggregating to (Rs) 91.88 crores, 900,000** equity shares by Devang Gandhi jointly with Neeta Gandhi aggregating to (Rs) 66.15 crores, 1,000,000** equity shares by Nitin Thakker jointly with Asha Thakker aggregating to (Rs) 73.50 crores, 400,000** equity shares by Anuradha Ramesh Modi with Megha Ramesh Modi (as trustees for the benefit of modi family private trust) aggregating to (Rs) 29.40 crores, 400,000** equity shares by Bhaskar P Shah (huf) aggregating to (Rs) 29.40 crores, 200,000** equity shares by Rajeshwari Capital Market Limited aggregating to (Rs) 14.70 crores, 200,000** equity shares by Vadapatra Sayee Raghavan (huf) aggregating to (Rs) 14.70 crores, 40,000 equity shares by Sangeeta Ravat jointly with Hasmukh Ravat aggregating to (Rs) 2.94 crores, 40,000** equity shares by Hasmukh Ravat jointly with Sangeeta Ravat aggregating to (Rs) 2.94 crores and 20,000** equity shares by Shreyas Ravat jointly with Sangeeta Ravat aggregating to (Rs) 1.47 crores (together, the "Selling Shareholders", and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). The offer shall constitute 18.03% of the post-offer paid up equity share capital of the company.
**Subject to finalization of the basis of allotment.
The company, in consultation with the book running lead managers, has undertaken a pre-ipo placement of 1,673,469 equity shares aggregating to
(Rs) 123.00 crores. consequently, the size of the fresh issue has been reduced by (Rs) 123.00 crores pursuant to the pre-ipo placement and accordingly, the fresh issue now comprises of 7,374,163**
equity shares aggregating to (Rs) 542.00 crores.
The face value of the equity share is (Rs) 10 each. The offer price is 735 and is 73.5 times the face value of the equity shares.
Opens On
Closes On
Application
Allotment
06-Sep-23
08-Sep-23
735.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
20
Further Multiples of :
20
(Rs.Cr)
Lead Managers to the Issue
Project Cost
511.32
ICICI Securities Ltd