Registered Office:
No.2403 24th Floor Signature,Suresh Sawat Rd Off.Veer Desai,
Andheri (W)
-
400053,
Phone : +91 022 657 81111/6236 3155
Fax : NA
Initial public offering of up to 57,91,200 equity shares of face value of (Rs) 10 each ("Equity Shares") of the company for cash at a price of (Rs) 286 per equity share (including a share premium of (Rs) 276 per equity share) ("Offer Price") aggregating up to (Rs) 165.63 crores (the "Offer") comprising a fresh issue of up to 47,91,200 equity shares of face value (Rs) 10 each aggregating up to (Rs) 137.03 crores by the company (the "Fresh Issue") and offer for sale of up to 10,00,000 equity shares (the "Offered Shares") aggregating up to (Rs) 28.60 crores comprising offer for sale of 5,45,600 equity shares by Deven Mahendrakumar shah aggregating to (Rs) 15.60 crores and upto 4,54,400 equity shares by Rhetan Estate Private Limited aggregating to (Rs) 13.00 crores (collectively "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares") (such offer for sale by selling shareholders, the "Offer for Sale" and together with the fresh issue, "the Offer").
The offer includes up to 4,17,600 equity shares of face value of (Rs) 10 each at an offer price of (Rs) 286 per equity share for cash, aggregating (Rs) 11.94 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 53,73,600 equity shares of face value of (Rs) 10 each, at an offer price of (Rs) 286 per equity share for cash, aggregating up to (Rs) 153.69 crores is hereinafter reffered to as the "Net Offer". The offer and net offer will constitute 27.00 % and 25.05% respectively of the post-issue paid up capital of the company .
Opens On
Closes On
Application
Allotment
16-Jul-25
18-Jul-25
286.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
800
Further Multiples of :
400
(Rs.Cr)
Lead Managers to the Issue
Project Cost
119.86
Marwadi Chandarana Intermediaries Brokers Pvt Ltd
Project Financed through Current Offer
165.63
Post Issue Equity Share Capital
21.45