Ardee Engineering Ltd

Ardee Engineering Ltd

Initial public offering of up to [*] equity shares of face value of Rs. 5/- each ("Equity Shares") of Ardee Engineering Limited (the "Company" or the "Issuer") for cash at a price of Rs. [*] per equity share of face value of Rs. 5/- each (the "Offer Price") aggregating up to Rs. 580.00 crores (the "Offer") comprising a fresh issue of up to [*] equity shares of face value of Rs. 5/- each by the company aggregating up to Rs. 500.00 crores (the "Fresh Issue") and an offer for sale of up to [*] equity shares of face value of Rs. 5/- each aggregating up to Rs. 80.00 crores by Chandra Sekhar Moturu (the "Promoter Selling Shareholder") and such offer by the promoter selling shareholder, the "Offer for Sale", and together with the fresh issue, the "Offer"). The offer shall constitute [*] % of the post-offer paid-up equity share capital of the company. The company, in consultation with the brlms, may consider an issue of specified securities, as may be permitted under the applicable law, aggregating up to Rs. 100.00 crores, at its discretion, prior to filing of the ("Pre-ipo placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. 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 securities contracts (Regulation) Rules, 1957, as amended. The utilization of proceeds raised pursuant to the pre-ipo placement will be done towards the objects of the offer in compliance with applicable law. The preipo placement, if undertaken, shall not exceed 20.00 % of the size of the fresh issue. 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 exchanges. Further, relevant 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 and the offer price is [*] times the face value of equity shares. The price band and minimum bid lot will be decided by the company.