| Initial public offer of up to [*] equity shares of face value of Rs.5/- each ("equity shares") of Baanganga Gold and Diamond (I) Limited ("company" or the "issuer") for cash at a price of Rs.[*] per equity share (including a share premium of Rs.[*] per equity share) ("offer price") aggregating up to Rs.720.00 crores, ( "offer") comprising of a fresh issue of up to [*] equity shares of face value of Rs.5/- each aggregating up to Rs.540.00 crores ("fresh issue") and an offer for sale of up to [*] equity shares of face value of Rs.5/- each ("offered shares") aggregating up to Rs.180.00 crores, comprising of up to [*] equity shares of face value of Rs.5/- each, aggregating up to Rs.120.00 crores by Navratanmal Jeetmal Ganna, and up to [*] equity shares of face value of Rs.5/- each aggregating up to Rs.60.00 crores by Jinesh Navratanmal Ganna (collectively, referred to as the "promoter selling shareholders" or "selling shareholders" and such offer for sale of equity shares offered by the promoter selling shareholders, the "offer for sale"). The offer shall constitute [*]% of the post-offer paid up equity share capital of the company.
The company, in consultation with the brlm, may consider a pre-ipo placement of specified securities aggregating up to
Rs. 108.00 crores, at its discretion, 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 fresh issue,
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 fresh issue. 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 exchanges. Televant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken).
The face value of the equity shares is Rs. 5/- each. The offer price is [*] times the face value of the equity shares.
The price band, and the minimum bid lot will be decided by the company. |
