Kay Jay Forgings Ltd - IPO

Kay Jay Forgings Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs. 5/- each (equity shares) of Kay Jay Forgings Limited (the company or the issuer) for cash at a price of Rs. [*] per equity share (including share premium of Rs. [*] per equity share (offer price) aggregating up to Rs. 360.00 crores (the offer). The offer comprises a fresh issue of upto [*] equity shares of face value Rs. 5/- each by the company aggregating upto Rs. 300.00 crores (fresh issue) and an offer for sale of up to [*] equity shares of face value Rs. 5/- each (the offered shares) aggregating up to Rs. 60.00 crores (the offer for sale), comprising up to [*] equity shares aggregating up to Rs. 52.00 crores by Gopal Krishan Kothari, up to [*] equity shares aggregating up to Rs. 3.00 crores by Amit Kothari (together the promoter selling shareholders), up to [*] equity shares aggregating up to Rs. 3.00 crores by Madhu Kothari, and up to [*] equity shares aggregating up to Rs. 2.00 crores by G K Kothari & Sons (together the promoter group selling shareholders and collectively with the promoter selling shareholders, the selling shareholders ). The offer includes a reservation of up to [*] equity shares aggregating up to Rs. [*] crores (constituting [*]% of the post-offer equity share capital), for subscriptions by eligible employees (employee reservation portion). The company, in consultation with the brlm, may offer a discount of up to [*]% of the offer price (equivalent of Rs. [*] per equity share) to the eligible employees bidding in the employee reservation portion (employee discount), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the `net offer'. The offer and the net offer shall constitute [*]% and [*]% of the post-offer paid-up equity share capital of the company, respectively. The company, in consultation with the brlm, may consider an issue of specified securities, as may be permitted under the applicable law, aggregating up to Rs.40.00 crores, at its discretion, prior to filing of the (pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the securities contracts (regulation) Rules, 1957, as amended. the pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. The company shall report any pre-ipo placement to the stock exchanges, within 24 hours of such pre-ipo placement (in part or in entirety) and as may be required under applicable law. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). The face value of the equity shares is Rs. 5/- each and the offer price is [*] times the face value of the equity shares. The offer price, the price band, employee discount, if any, and the minimum bid lot size will be decided by the company.

Objective of issue

Funding the capital expenditure requirements of the Company. Repayment/ pre-payment, in full or in part, of certain borrowings availed by its Company. General corporate purposes.

Kay Jay Forgings Ltd Contact Details

Kay Jay Forgings Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs.idh@kayjayforgings.com

Website - www.kayjayforgings.com