Soleos Energy Ltd - IPO

Soleos Energy Ltd IPO Details

Initial public offering of up to 2,00,00,000 equity shares of face value of Rs. 5 each (Equity Shares) of Soleos Energy Limited (Company) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. [*] Crores (the Offer) comprising a fresh issue of up to 1,10,00,000 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] Crores by the company (Fresh Issue) and an offer for sale of up to 90,00,000 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] Crores by the selling shareholders, comprising an offer for sale of up to 36,01,600 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] Crores by Bhaveshkumar C Rathod, up to 14,00,000 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] Crores by Dhavalkumar Ghanshyambhai Jiyani, up to 7,00,000 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] Crores by Parth R Rangholia, up to 7,00,000 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] Crores by Aniket Rangholia and up to 7,00,000 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] Crores by Vipul Rathod (collectively, Promoter Selling Shareholders and up to 18,98,400 equity shares of face value of Rs. 5 each aggregating up to Rs. [*] Crores by other selling shareholders (the Other Selling Shareholders) (collectively, the Other Selling Shareholdersand together with the Promoter Selling Shareholders, the Selling Shareholders) and such equity shares offered by the selling shareholders (Offered Shares) and such offer, Offer For Sale and together with the fresh issue. The Offer).The company, in consultation with the book running lead manager (brlm), may consider a pre-ipo placement, prior to filing of the red herring prospectus. 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. 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 our 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). Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and prospectus.The face value of equity shares is Rs. 5 each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding capital expenditure requirement for setting up battery energy storage systems manufacturing facility with an installed capacity of 2.20 GWh (BESS Project). Repayment and/or prepayment, in full of part, of certain outstanding borrowings availed by the Company. General corporate purposes.

Soleos Energy Ltd Contact Details

Soleos Energy Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investors@soleosenergy.com

Website - www.soleosenergy.com