Asha Resins Ltd

Asha Resins Ltd

Initial public offer of upto 32,88,000 equity shares of face value of INR 10/- each (the "equity shares") of Asha Resins Limited ("the company" or "ARL" or "the issuer") at an issue price of Rs.[*] per equity share for cash, aggregating up to Rs.[*] crores ("public issue") out of which [*] equity shares of face value of Rs.10 each, at an issue price of Rs.[*] per equity share for cash, aggregating Rs.[*] crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The public issue less market maker reservation portion i.e. issue of [*] equity shares of face value of INR 10 each, at an issue price of INR [*] per equity share for cash, aggregating upto Rs.[*] crores is herein after referred to as the "net issue". The public issue and net issue will constitute 26.44% and [*]% respectively of the post issue paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company in consultation with the brlm.