| Initial public offering of up to 57,90,000 equity shares of
Rs. 10/- each ("equity shares") of Manilam Industries India Limited ("Manilam" or "MIIL" or the "company" or the "Issuer) for cash at a price of Rs. 69 per equity share (the "Issue Price"), aggregating to Rs. 39.95 crores ("the issue") comprising a fresh issue of up to 46,98,000 equity shares aggregating to Rs. 32.42 crores by the company ("Fresh Issue") and an offer for sale of up to 4,26,000 equity shares by Sanjay Kumar Agarwal, up to 2,22,000 equity shares by Yogesh Kumar Agarwal, up to 2,22,000 equity shares by Hitesh Kumar Agarwal and up to 2,22,000 equity shares by Rajesh Kumar Agarwal ("the selling shareholder") aggregating to Rs. 1.53 crores ("offer for sale"). Out of the issue, 2,92,000 equity shares aggregating to Rs. 2.01 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 54,98,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 69/- per equity share aggregating to Rs. 37.94 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 25.5% and 25.16 %, respectively of the post issue paid up equity share capital of the company.
Price Band: Rs. 69 per equity share of face value Rs. 10 /- each.
The floor price is 6.9 times of the face value of the equity shares.
Bids can be made for a minimum of 4000 equity shares and in multiples of 2000 equity shares thereafter. |