| Initial public offering up to 51,85,200 equity shares of Rs. 10/- each ("Equity Shares") of Emerald Tyre Manufacturers Limited ("Emerald" or the "Company") for cash at a price of Rs. [*] /- per equity share (the "Offer Price"), aggregating to Rs. [*] crores ("The Offer"), comprising a fresh offer of up to 49,86,000 equity shares aggregating to Rs. [*] crores by the company ("Fresh Offer") and an offer for sale of up to 1,20,000 equity shares by Karthikeyan Swarnam and up to 79,200 equity shares by
S Vijayalakshmi ("The Selling Shareholder") aggregating to Rs. [*] crores ("Offer for Sale"). Out of the offer, 3,00,000 equity shares aggregating to Rs. [*] crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 48,85,200 equity shares of face value of Rs. 10.00/- each at an offer price of Rs. [*] /- per equity share aggregating to
Rs. [*] crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute [*]% and [*]%, respectively of the post offer paid up equity share capital of the company.
Price Band: Rs. 90 to Rs. 95 per equity share of face value of Rs. 5 each.
The Floor price is 9.0 times the face value of the equity shares and cap price is 9.50 times the face value of the equity shares.
Bid can be made for a minimum of 1200 equity shares and in multiples of 1200 equity shares.
|