| Initial public offering of up to 1,12,00,000* equity shares of face value of Rs. 10/- each ("equity shares") of Grace Renewable Energy Limited ("the company" or the "issuer") for cash at a price of Rs. [*] per equity share (including a securities premium of Rs. [*] per equity share) ("offer price") aggregating up to Rs. [*] crores ("the offer"). The offer comprises of a fresh issue of up to 84,15,000* equity shares of face value of Rs. 10/- each by the company aggregating up to Rs. [*] crores (the "fresh issue") and an offer for sale of up to 27,85,000* equity shares of face value of Rs. 10/- each (the "offered shares") aggregating up to Rs. [*] crores (the "offer for sale"), by Manish Bagadia and Karuna Bagadia (collectively "promoter selling shareholders").
The offer includes a reservation of up to [*] equity shares of face value of Rs.10/- each aggregating up to Rs.[*] crores (constituting up to [*]% 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 net offer shall constitute [*]% and [*]% of the postoffer paid-up equity share capital of the company respectively. The company, in consultation with brlm, may offer a discount of up to [*]% to the offer price (equivalent to Rs.[*] per equity share) to eligible employees
bidding in the employee reservation portion ("employee discount").
The price band, minimum bid lot, shall be decided by the company. |
