| Initial public offering of up to 117,327,139 equity shares of face value of Rs. 10 each ("Equity Shares") of Afcons Infrastructure Limited (the "Company" or the "Issuer") for cash at a price of Rs. 463 per equity share of face value of Rs. 10 each (including a share premium of Rs. 453 per equity share) ("Offer Price") aggregating up to Rs. 5430.00 crores (the "Offer") comprising a fresh issue of up to 26,046,362 equity shares of face value of Rs. 10 each aggregating up to Rs. 1250.00 crores by the company (the "Fresh Issue") and an offer for sale of up to 90,280,777 equity shares of face value of Rs. 10 each aggregating up to Rs. 4180.00 crores by Goswami Infratech Private Limited (the "Offer for Sale").
This offer includes a reservation of up to 596,658* equity shares of face value of Rs. 10 each, aggregating up to Rs. 25.00 crores (constituting up to 0.16% of the post-offer paid-up equity share capital), for subscription by eligible employees (as defined hereinafter) ("Employee Reservation Portion"). 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 of 9.50% to the offer price (equivalent of
Rs. 44 per equity share of face value of Rs. 10 each) to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer and the net offer shall constitute 31.90% and 31.74%, respectively, of the post-offer paid-up equity share capital of the company.
*The actual allotment to eligible employees under reservation portion is 510,592 equity shares of face value of Rs. 10 each.
Issue Price is Rs. 463 per equity share of Rs. 10 each.
The Floor price is 46.30 times the face value of the equity shares.
Bid can be made for a minimum of 32 equity shares and in multiples of 32 equity shares.
A discount of Rs. 44 equity share is being offered to eligible employees bidding in the employee reservation portion. |