Allied Engineering Works Ltd - IPO

Allied Engineering Works Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs.5/- each (Equity Shares) of Allied Engineering Works Limited (the Company or the Company or the Issuer) forcash at a price of Rs.[*] per equity share of face value of Rs.5/- each (Including a premium of Rs.[*] per equity share of face value of Rs.5/- each) (the Offer Price) aggregating up to Rs.[*] crores (the Offer) comprising a fresh issue of up to [*] equity shares of face value of Rs.5/- each aggregating up to Rs.400.00 crores by the company (the Fresh Issue) and an offer for sale of up to 7,500,000 equity shares aggregating up to Rs.[*] crores by Ashutosh Goel (Promoter Selling Shareholder and such offer for sale of equity shares by the promoter selling shareholder, the Offer for Sale).The offer includes a reservation of up to [*] equity shares of face value of Rs.5/- each, aggregating up to Rs.[*] crores (constituting up to [*]% of the post-offer paid-up equity sharecapital), for subscription by eligible employees not exceeding 5% of the post-offer paid-up equity share capital (the Employee Reservation Portion). The company may in Consultation with the brlms, offer a discount of up to [*]% to the offer price (Equivalent of Rs.[*] per Equity Share) to eligible employees bidding in the employee reservation portion (Employee Discount). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute [*]% and [*] %, respectively, of the post-offer paid-up equity share capital of the company.The company, in consultation with the brlms, may consider a pre-ipo placement, aggregating up to Rs. 80.00 crores, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. if the pre-ipo placement is completed, the amount raised pursuantto 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 (scrr). Thepre-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 in listing of the equity shares of face value of Rs. 5/- each on the stock exchanges. 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 price band, the employee discount, if any, to the eligibleemployees bidding in the employee reservation portion and the minimum bid lot will be decided by the company.

Objective of issue

Smart gas meters, smart water meters, IoT solutions at the Kundli Facility. Smart electricity meters at the Rai Facility. Funding future working capital requirements of the Company. General corporate purposes.

Allied Engineering Works Ltd Contact Details

Allied Engineering Works Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance@aewinfra.com

Website - www.aewinfra.com