PMEA Solar Tech Solutions Ltd

PMEA Solar Tech Solutions Ltd

Initial public offering of up to [*] equity shares of face value of Rs. 10 each of the company (equity shares) 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 (offer). The offer comprises a fresh issue of up to [*] equity shares of face value of Rs. 10 each aggregating up to Rs. 600.00 crores (fresh issue) and an offer for sale of up to 11,235,600 equity shares of face value of Rs. 10 (offered shares) aggregating up to Rs. [*] crores, comprising up to 2,808,900 equity shares of face value of Rs. 10 aggregating up to Rs. [*] crores by Samir Pravin Sanghavi, up to 2,808,900 equity shares of face value of Rs. 10 aggregating up to Rs. [*] crores by Kapil Pravin Sanghavi, up to 2,808,900 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] crores by Vishal Navinchandra Sanghvi and up to 2,808,900 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] crores by Sandeep Navinchandra Sanghvi (together, the selling shareholders, and such offer for sale of equity shares by the selling shareholders, the offer for sale). The offer will constitute [*]% of the post-offer paid up equity share capital of the company. The company, in consultation with the brlms, may consider a further issue of specified securities as may be permitted under applicable law, aggregating to Rs. 120.00 crores (the 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 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 that the offer may be successful and will result in the listing of the equity shares 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. The face value of the equity share is Rs. 10 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.