Smartworks Coworking Spaces Ltd

Smartworks Coworking Spaces Ltd

Initial public offering of up to [*] equity shares of face value of Rs. 10 each ("Equity Shares") of Smartworks Coworking Spaces Limited ("Company") for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) ("Offer Price") aggregating up to Rs. [*] crores (the "Offer") comprising a fresh issue of up to [*] equity shares of face value of Rs. 10 each aggregating up to Rs. 550.00 crores (the "Fresh Issue") and an offer for sale of up to 6,759,480 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] crores (the "Offer for Sale"), consisting of an offer for sale of up to 980,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] crores by NS Niketan LLP,up to 620,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] crores by sns infrarealty llp and up to 5,159,480 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] crores by Space Solutions India Pte. Ltd. (collectively, the "Selling Shareholders" and such equity shares, the "Offered Shares"). The offer includes a reservation of up to [*] equity shares aggregating up to Rs. [*] crores, for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute [*]% and [*]% of its post offer paid-up equity share capital, respectively. The company, in consultation with the book running lead managers, may offer a discount of up to [*]% (equivalent of Rs. [*] per equity share) to the offer price to eligible employees bidding under the employee reservation portion ("Employee Discount"). The company, in consultation with the brlms, may consider an issue of equity shares, as may be permitted under applicable law, aggregating up to Rs. 110.00 crores, with the roc ("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 securities contracts (regulation) rules, 1957, as amended ("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 and the allotment pursuant to the pre-ipo placement, 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 the offer may be successful and will result into 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 offer price is [*] times the face value of the equity shares of Rs. 10 each. The employee discount (if any), price band and the minimum bid lot shall be decided by the board of directors of the company.