Balaji Solutions Ltd

Balaji Solutions Ltd

Initial public offering of up to [*] equity shares of face value of Rs. 10 each ("Equity Shares") of the company 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. [*] crores (the "Offer") comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 120.00 croress by the company (the "Fresh Issue") and an offer for sale of up to 15,00,000 equity shares by Rajendra Seksaria aggregating up to Rs. [*] crores and up to 60,00,000 equity shares by Rajendra Seksaria huf aggregating up to Rs. [*] crores, comprising up to 75,00,000 equity shares aggregating up to Rs. [*] crores ("Selling Shareholders") ("Such Equity Shares Offered by the Selling Shareholders, the "Offered Shares") (such offer for sale by the selling shareholders, the "Offer for Sale" and together with the fresh issue, "The Offer"). This offer includes a reservation of up to [*] equity shares 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 the net offer will constitutes [*]% and [*]%, respectively of the post-issue paid-up equity share capital of the company. *The company in consultation with the book running lead managers, may offer a discount of up to Rs. [*] per equity share to eligible employees bidding in the employee reservation portion. The company may, in consultation with the selling shareholders and the book running lead managers ("brlms"), consider issuing such number of equity shares on a private placement basis for cash consideration aggregating up to Rs. 24.00 crores, with the roc (the "pre-ipo placement"). The price of the equity shares allotted pursuant to the pre-ipo placement shall be determined by the company and the selling shareholders 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 "scrr"). The face value of equity shares is Rs. 10 each. The offer price is [*] times the face value of the equity shares. The price band will be decided by the company and selling shareholders, in consultation with the brlms and minimum bid lot will be decided by the company.