| Initial public offer of 22,91,200 equity shares of face value of Rs. 10 each ("equity shares") of Raw Edge Industrial Solutions Limited ("Company" or "Issuer") for cash at a price of Rs. 72 per equity share (including a share premium of Rs. 62 per equity share) ("Issue Price") aggregating to Rs. 16.50 crores ("Issue") consisting of a fresh issue of 16,81,200 equity shares of face value of Rs. 10 each ("equity shares") for cash at a price of Rs. 72 per equity share aggregating to Rs. 12.10 crores ("Issue") and an offer for sale of 6,10,000 equity shares aggregating to Rs. 4.39 crores (the "offer for sale"), comprising of 2,00,000 equity shares by Mr. Bimal Bansal, 2,00,000 equity shares by Mrs. Shweta Bansal and 2,10,000 equity shares by Mrs. Bala Bansal ("Collectively referred as selling shareholders and promoters and promoter group") of which 1,15,200 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 72 per equity share, aggregating to Rs. 0.83 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 21,76,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 72 per equity share aggregating to Rs. 15.67 crores (the "net issue"). The issue and the net issue will constitute 27.33% and 25.96%, respectively of the post issue paid up equity share capital of the company.
The Face value of the equity shares is Rs. 10 each and the issue price is Rs. 72 each. The Issue Price is 7.2 times of the face value.
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