Puranik Builders Ltd

Puranik Builders Ltd

Initial Public Offering of up to [*] equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. [*] per equity share, including a premium of R. [*] per equity share, (The "Issue Price") aggregating up to Rs. [*] Crores, comprising of a fresh issue of up to [*] equity shares aggregating up to Rs.510 Crores by the company ("Fresh Issue" and an offer for sale of up to 472,500 equity shares by Ravindra Puranik and up to 472,500 equity shares by Gopal Puranik (collectively, the "Selling Shareholders"), aggregating up to 945,000 equity shares ("Offered Shares") aggregating up to Rs. [*] Crores (The "Offer for Sale" and together with the fresh issue, the "Issue"). The company may, in consultation with the BRLMS, consider undertaking a private placement of specified securities for cash consideration aggregating up to Rs.150 Crores ("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, and the pre-ipo placement will be undertaken prior to the company. If the pre-ipo placement is undertaken, the amount raised from the pre-ipo placement will be reduced from the fresh issue, subject to the issue size satisfying the minimum issue size requirements under the SCRR. The issue includes a reservation of up to [*] equity shares aggregating up to Rs. [*] Crores for subscription by eligible employees (which shall not exceed 5% of the post-issue equity share capital of the company) (The "Employee Reservation Portion") at a discount of [*]% (equivalent to Rs. [*] on the issue price. the issue less the employee reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue shall constitute [*]% and [*]%, respectively, of the post-issue paid-up equity share capital of the company. the minimum bid lot will be decided by the company. The company and the selling shareholders in consultation with the BRLMS, may offer a discount of up to [*]% of the issue price to eligible employees bidding in the employee reservation portion. The face value of the equity shares is Rs. 10 each and the issue price is [*] times the face value of the equity shares.