| Initial public offer of 42,00,000 equity shares of face value of Rs. 10 each ("equity shares") of Milton Industries Limited ("the Company" or "issuer") for cash at a price of Rs. 34.00 per equity share (including a share premium of Rs. 24.00 per equity share) ("issue price") aggregating to Rs. 14.28 Crores ("issue") of which 2,16,000 equity shares of face value of Rs.10.00 each for a cash price of Rs. 34.00 per equity share, aggregating to Rs. 0.73 Crores will be reserved for subscription by market maker ("market maker
Reservation portion"). The issue less the market maker reservation portion i.e. Issue of 39,84,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 34.00 per equity share aggregating to Rs. 13.55 Crores (is hereinafter referred to as the "net Issue"). The issue and the net issue will constitute 27.18% and 25.79%, respectively of the post issue paid up equity share capital of the company. For further details, please refer to section titled "terms of the issue" beginning on page 216 of this draft
Prospectus.
The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 34.00. The issue price is 3.4 times of the face value.
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