CJ DARCL Logistics Ltd

CJ DARCL Logistics Ltd

Initial public offer of up to [*] equity shares of face value of Rs. 10 each ("Equity Shares") of CJ Darcl Logistics Limited ("Company" or "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. [*] crores (the "Offer") comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 340.00 crores by the company ("Fresh Issue") and an offer for sale of up to 369,000 equity shares aggregating up to Rs. [*] crores by Krishan Kumar Agarwal, up to 203,502 equity shares aggregating up to Rs. [*] crores by Roshan Lal Agarwal and up to 230,897 equity shares aggregating up to Rs. [*] crores by Narender Kumar Agarwal (together "Promoter Selling Shareholders"), up to 4,268,429 equity shares aggregating up to Rs. [*] crores by Certain Members of the promoter group listed in "List of Selling Shareholders" in this draft red herring prospectus on page 16 ("Promoter Group Selling Shareholders" as defined below) and up to 359,243 equity shares aggregating up to Rs. [*] crores by other persons listed in "List of Selling Shareholders" ("Other Selling Sharehoders" as defined below) (the promoter selling shareholders, promoter group selling shareholders and the other selling shareholders, collectively, the "Selling Shareholders", and 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"). The offer shall constitute [*]% of the post-offer paid-up equity share capital of the company. The 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), for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as "Net Offer". The offer and net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. The company, in consultation with the brlms, may offer a discount of up to [*]% of the offer price (equivalent of Rs. [*] per equity share) to eligible employees bidding in the employee reservation portion ("Employee Discountö). The company may, in consultation with the brlms, consider undertaking a further issue of specified securities, including by way of a private placement/ preferential issue or any other method as may be permitted in accordance with applicable law, aggregating up to Rs. 68.00 crores , at its discretion, (the "pre-ipo placement"). If the pre-ipo placement is completed, the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to applicable law. The price band, employee discount, if any, and the minimum bid lot size shall be decided by the company.