Registered Office:
R.S.No.677/2A1 Unguturu V & M,Eluru District,
West Godavari
-
534411,
Andhra Pradesh, India.
Phone : +91 99089 41785
Fax : NA
Initial public offering of up to 6,677,777 equity shares of face value of (Rs) 10/- each ("Equity Shares") of the company for cash at a price of (Rs) 90 per equity share (including a share premium
of (Rs) 80 per equity share) ("Offer Price") aggregating up to (Rs) 60.10 Crores (the "Offer") comprising a fresh issue of up to 59,00,000 equity shares of face value (Rs) 10/- each aggregating up to (Rs) 53.10 Crores by the company (the "Fresh Issue") and offer for sale of up to 777,777 equity shares (the "Offered Shares") aggregating up to (Rs) 7.00 Crores comprising offer for sale of 411,111 equity shares by Pasupuleti Venkata Ramarao aggregating to (Rs) 3.7 Crores and 366,666 equity shares by Pasupuleti Meenakshi aggregating to (Rs) 3.3 Crores (collectively
"Promoter Selling Shareholders", and such equity shares offered by the promoter selling shareholders, the "Offered Shares") (such offer for sale by promoter selling shareholders, the "Offer for Sale" and together with the fresh issue, "the Offer"). The offer will constitute [*]% of the post paid up equity share capital of the company. The offer includes up to 333,888 equity shares of face value of (Rs) 10/- each at an offer price of (Rs) 90 per equity share for cash, aggregating (Rs) 3 Crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e. offer of upto 6,343,889 equity shares of face value of (Rs) 10/- each, at an offer price of (Rs) [*] per equity share for cash, aggregating up to (Rs) 57.10 Crores is hereinafter reffered to as the "net offer". The offer and net offer will constitute [*] % and [*] % respectively of the postissue paid up capital of the company.
The company, in consultation with the brlm, may consider a pre-ipo placement aggregating up to (Rs)13.00 crores, prior to filing of the roc. The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the offer, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the offer. prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchange. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken).
Price Band: (Rs) 85/- to (Rs) 90/- per equity share of face value of (Rs) 10/- each.
The floor price is 8.5 times of the face value of the equity shares and the cap price is 9.0 times of the face value of the equity shares.
Bids can be made for a minimum of 3,200 equity shares and in multiples of 1,600 equity shares thereafter.
Opens On
Closes On
Application
Allotment
24-Sep-26
28-Sep-26
85.00-90.00
0.00-0.00
Minimum Application for shares in Nos :
3200
Further Multiples of :
1600
(Rs.Cr)
Lead Managers to the Issue
Project Cost
0.00
Indorient Financial Services Limited
Project Financed through Current Offer
60.10
Post Issue Equity Share Capital
21.36