Gold Plus Glass Industry Ltd

Gold Plus Glass Industry Ltd

Initial public offer of up to [*] equity shares of face value of Rs. 10 each ("Equity Shares") of Gold Plus Glass Industry 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 comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 500.00 crores by the company ("Fresh Issue") and an offer for sale of up to 15,667,977 equity shares aggregating up to Rs. [*] crores ("Offered Shares") by the selling shareholders (as defined below), comprising up to 1,019,995 equity shares aggregating up to Rs. [*] crores by Suresh Tyagi, up to 1,019,995 equity shares aggregating up to Rs. [*] crores by Jimmy Tyagi (Suresh Tyagi and Jimmy Tyagi, collectively referred to as "Promoter Selling Shareholders") and up to 10,277,987 equity shares aggregating up to Rs. [*] crores by PI Opportunities Fund - I and up to 3,350,000 equity shares aggregating up to Rs. [*] crores by Kotak Special Situations Fund (PI Opportunities Fund - i and Kotak Special Situations Fund, collectively referred to as the "Investor Selling Shareholders" and the promoter selling shareholders and the investor selling shareholders together referred to as the "Selling Shareholders") ("Offer for Sale", and together with the fresh issue, the "Offer"). *PIOF 1 holds 17,747,484 CCPS which will be converted to 17,747,484 equity shares the roc. The equity shares proposed to be offered by PIOF 1 as part of the offer for sale will include a portion of equity shares which will result upon conversion of 17,747,484 ccps held by piof 1. Further, KSSF holds 3,000,000 ccds which will be converted up to a maximum of 10,008,000 equity shares, the roc. The equity shares proposed to be offered by KSSF as part of the offer for sale will include a portion of equity shares which will result upon conversion of 3,000,000 ccds held by KSSF. 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 company in consultation with the book running lead managers, and in accordance with applicable law may offer a discount of up to [*] % to the offer price (equivalent of Rs. [*] per equity share) to eligible employees bidding under the employee reservation portion ("Employee Discount"), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute at least [*]% and [*]% of its post-offer paid-up equity share capital, respectively. The company may, in consultation with the book running lead managers ("brlms"), consider a further issue of specified securities as may be permitted under applicable law, to any person(s), aggregating to [*] equity shares up to Rs. 100.00 crores, at its discretion, with the roc ("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 undertaken, 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 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, the employee discount and the minimum bid lot will be decided by the company.