Sambhv Steel Tubes Ltd

Sambhv Steel Tubes Ltd

Initial public offering of up to [*] equity shares of face value of Rs. 10 each ("equity shares") of Sambhv Steel Tubes Limited (The "Company" or the "company" or the "issuer") for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (the "offer price") aggregating up to Rs. 540.00 crores (the "offer") comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 440.00 crores by the company (the "fresh issue") and an offer for sale of up to [*] equity shares of face value of Rs. 10 each aggregating up to Rs. 100.00 crores comprising an offer for sale of up to [*] equity shares aggregating up to Rs. 10.00 crores by Shashank Goyal, up to [*] equity shares of face value of Rs. 10 each aggregating up to Rs. 10.00 crores by Rohit Goyal (together with Shashank Goyal, the "promoter selling shareholders"), up to [*] equity shares of face value of Rs. 10 each aggregating up to Rs. 35.00 crores by Kaushlya Goyal, up to [*] equity shares of face value of Rs. 10 each aggregating up to Rs. 10.00 crores by Harsheet Goyal (together with Kaushlya Goyal, the "Promoter Group Selling Shareholders") and up to [*] equity shares of face value of Rs.10 each aggregating up to Rs. 35.00 crores by Rinku Goyal (the "Other Selling Shareholder", collectively with promoter selling shareholders and the promoter group selling shareholders, the "selling shareholders", and each individually, as a "selling shareholder" and such offer for sale of equity shares by the selling shareholders, the "offer for sale"). The offer includes a reservation of up to [*] equity shares of face value of Rs. 10 each, aggregating up to Rs. 2.50 crores (constituting up to [*]% of the post-offer paid-up equity share capital), for subscription by eligible employees (as defined hereinafter) ("employee reservation portion"). Such portion shall not exceed 5% of the post offer equity share capital of the company. The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The company in consultation with the brlms, may offer a discount of Rs. [*] to the offer price (equivalent of [*] per equity share) to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. Price band: Rs. 77/- to Rs. 82/- per equity share of face value Rs. 10/- each. The floor price is 7.7 times of the face value and the cap price is 8.2 times of the face value of the equity shares. Bids can be made for a minimum of 182 equity shares and in multiples of 182 equity shares thereafter. A discount of Rs. 4 per equity shares is being offered to eligible employees bidding in the employee reservation portion.