Milestone Gears Ltd - IPO

Milestone Gears Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs.2/- each of the company (equity shares) for cash at a price of Rs.[*] per equity share (including a share premium ofRs.[*] per equity share) (offer price) aggregating up to Rs.1100.00 crores (offer). the offer comprises a fresh issue of up to [*] equity shares of face value of Rs.2/- each aggregating up to Rs.800.00 crores (fresh issue) and an offer for sale of up to [*] equity shares of face value of Rs.2/- each (offered shares) aggregating up to Rs.300.00 crores, comprising up to [*] equity shares of face value of Rs.2/- each aggregating up to Rs.175.00 crores by Ashok Kumar Tandon, up to [*] equity shares of face value of Rs.2/- each aggregating up to Rs.50.00 crores by Aman Tandon (collectively, the promoter selling shareholders), up to [*] equity shares of face value of Rs.2/- each aggregating up to Rs.25.00 crores by Amit Tandon, up to [*] equity shares offace value of Rs.2/- each aggregating upto Rs.25.00 crores by Aradhna Tandon (collectively, the promoter group selling shareholders), upto [*] equity shares of face value of Rs.2/- each aggregating up to Rs.25.00 crores by Gagandeep Kaur Chawla (the other selling shareholder and together with the promoter selling shareholders and the promoter group selling share holders, The selling shareholders, and such offer for sale of equity shares by the selling shareholders, The offer for sale). The offer will constitute [*]% 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 upto Rs.160.00 crores, as may be permitted under applicable law, at its discretion, 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 pursuant to the pre-ipoplacement 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. The utilisation of the proceeds raisedpursuant to the pre-ipo placement will be done towards the objects in compliance with applicable law. 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) in accordance with regulation 54 of sebi icdr regulations. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken).The face value of the equity share is Rs.2/- each. The offer price is [*] times the face value of the equity shares. The price band and theminimumbid lot will be decided by the company.

Objective of issue

Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company. Proposed Greenfield Project. General corporate purposes.

Milestone Gears Ltd Contact Details

Milestone Gears Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - investor.relations@milestonegroup.co.in

Website - www.milestonegroup.co.in