Lava International Ltd

Lava International Ltd

Initial public offering of up to [*] equity shares of face value of Rs. 5 each ("Equity Shares") of Lava International Limited ("Company" or the "Issuer") for cash at a price* of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share (The "Offer Price") aggregating up to Rs. [*] crres (The "Offer"). The offer comprises of a fresh issue of up to [*] equity shares by the company aggregating up to Rs. 500 crores (The "Fresh Issue") and an offer for sale of up to 43,727,603 equity shares aggregating up to Rs. [*] crores, comprising of up to 12,540,649 equity shares aggregating up to Rs. [*] crores by the promoter, Hari Om Rai, up to 3,135,162 equity shares aggregating up to Rs. [*] crores by the promoter, Shailendra Nath Rai, up to 7,837,906 equity shares aggregating up to Rs. [*] crores by the promoter, Sunil Bhalla, up to 7,837,906 equity shares aggregating up to Rs. [*] crores by the promoter, Vishal Sehgal ("Promoter Selling Shareholders"), up to 76,768 equity shares aggregating up to Rs. [*] crores by Amit Rai, up to 49,664 equity shares aggregating up to Rs. [*] crores by Vikram Singh Parmar, up to 11,274,812 equity shares aggregating up to Rs. [*] crores by Unic Memory Technology (Hong Kong) Limited and up to 974,736 equity shares aggregating up to Rs. [*] crores by Tapperware Kitchenware Private Limited ("Other Selling Shareholders" and together with promoter selling shareholders, the "Selling Shareholders" and such equity shares the "Offered Shares") ("The Offer for Sale"). The offer includes a reservation of up to [*] equity shares, aggregating up to Rs. [*] crores , for subscription by eligible employees (as defined herein) not exceeding [*]% of our post-offer paid-up equity share capital ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer" the company may, in consultation with the book running lead managers, offer a discount of up to Rs. [*] of the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"). the offer and the net offer shall constitute [*]% and [*]%, respectively, of the postoffer paid-up equity share capital of the company. The company, in consultation with the book running lead managers, may consider a private placement of such number of equity shares for cash consideration aggregating up to Rs. 100 crores, at its discretion, the roc ("Pre-ipo Placementö". If the pre-ipo placement is completed, the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to compliance with the minimum net offer size requirements prescribed under regulation 19(2)(b) of the scrr. * a discount of up to [* ]% on the offer price may be offered to the eligible employees bidding in the employee reservation portion ("Employee Discount") equivalent to Rs. [*] per equity share. The face value of the equity share is Rs. 5/- the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot size will be decided by the company.