Rays Power Infra Ltd

Rays Power Infra Ltd

Initial public offer of up to [*] equity shares of face value of Rs. 10 each ("Equity Shares") of Rays Power Infra 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 ("Offer"). The offer comprises a fresh issue of up to [*] equity shares aggregating up to Rs. 300.00 crores ("Fresh Issue") and an offer for sale of upto 1,437,712 equity shares aggregating up to Rs. [*] crores by Ketan Mehta, upto 778,760 equity shares aggregating up to Rs. [*] crores by Pawan Kumar Sharma and upto 778,760 equity shares aggregating up to Rs. [*] crores by Sanjay Garudapally (collectively, "Promoter Selling Shareholders" and such offer for sale by the promoter selling shareholders, "Offer for Sale"). the offer includes a reservation of upto [*] equity shares, aggregating up to Rs. [*] crores, for subscription by eligible employees not exceeding 5.00% of its post-offer paid-up equity share capital (the "Employee Reservation Portion"). The company, in consultation with the book running lead managers, may offer a discount ofupto [*]% to the offer price (equivalent to Rs. [*] per equity share)to eligible employees biddng under the employee reservation portion ("Employee Discount"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. The company in consultation the book running lead managers ("brlms"), may consider undertaking (i) a further offer of equity shares, including by way of a private placement of equity shares, aggregating up to Rs. 45.00 crores or; (ii) a secondary sale by the promoter selling shareholders of up to 1,497,616 equity shares; or (iii)a combination thereof, as per the applicable limits under the securities and exchange board of india (issue of capital and disclosure requirements) regulations, 2018, as amended (the "sebi icdr regulations"), with the registrar of companies, maharashtra at mumbai ("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, then the amount raised from the pre-ipo placement will be reduced from the fresh issue size and / or the offer for sale portion, as applicable, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957 as amended ("scrr") and schedule xvi (1) of the sebi icdr regulations. The face value of the equity shares is Rs. 10 each. The price band, and the minimum bid lot will be decided by the company.