GK Energy Ltd

GK Energy Ltd

Initial public offering of up to [*] equity shares of face value of Re. 2 each ("Equity Shares") of GK Energy Limited (The "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. [*] crores (The "Offer") comprising a fresh issue of up to [*] equity shares of face value of Re. 2 each aggregating up to Rs. 500.00 crores by the company (The "Fresh Issue") and an offer for sale of up to 8,400,000 equity shares of face value of Re. 2 each aggregating up to Rs. [*] crores by the promoter selling shareholders (The "Offer for Sale"). The face value of equity shares is Re. 2 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. This offer includes a reservation of up to [*] equity shares of face value of Re. 2 each, aggregating up to Rs. [*] crores (Constituting up to [*] % of the Post-Offer Paid-up Equity Share Capital), for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The company, in consultation with the brlms, may offer a discount of up to Rs. [*] to the offer price (Equivalent of Rs. [*] per Equity Share) to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer and the net offer shall constitute at least [*] % and [*] %, respectively, of the post-offer paid-up equity share capital of the company. The company, in consultation with the brlms, may consider a pre-ipo placement of specified securities, as may be permitted under the applicable law, aggregating up to Rs. 100.00 crores at its discretion. 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 scrr. The pre-ipo placement, if undertaken, shall not exceed 20% 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 of face value of Re. 2 each on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and prospectus.