Schnell Drone Technologies Ltd

Schnell Drone Technologies Ltd

Initial public offer of up to 36,51,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company at an offer price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating up to Rs. [*] crores ("Public Offer") comprising a fresh issue of up to 33,00,000 equity shares aggregating to Rs. [*] crores (the "Fresh Issue") and an offer for sale of up to 1,17,000 equity shares by Bhushan Sharad Khomane, up to 1,17,000 equity shares by Satyawan Balwant Jadhav and up to 1,17,000 equity shares by Sharmin Sahil Inamdar ("The Selling Shareholders" or "Promoter Selling Shareholders") ("Offer for Sale") aggregating to Rs. [*] crores, out of which [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. offer of [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores is hereinafter referred to as the "Net Offer". The public offer and net offer will constitute [*]% and [*]% respectively of the post-offer paid-up equity share capital of the company. The face value of the equity share is Rs. 10/- and the offer price is [*] times of the face value.