Sael Industries Ltd - IPO

Sael Industries Ltd IPO Details

Initial public offering of [*] equity shares of face value of Rs.5/- each (Equity Shares) of Sael Industries Limited ( The Company ) for cash at a price of Rs.[*] per equity share of face value of Rs.5/- each ( Including a Share Premium of Rs.[*] Per Equity Share) (Offer price) aggregating up to Rs.4575.00 crores ( The Offer) comprising a fresh issue of [*] equity shares of face value of Rs.5/- each aggregating up to Rs.3750.00 crores by the company (Fresh Issue) and an offer for sale of [*] equity shares of face value of Rs.5/- each aggregating up to Rs.825.00 crores (Offer For Sale) by Norfund (Such Equity Shares Offered by the Investor Selling Shareholder, the Offered Shares).

Objective of issue

Investment in its Subsidiaries namely SAEL Solar P5 Pvt Ltd and SAEL Solar P4 Pvt Ltd for repayment/prepayment, in full or in part, of certain of their outstanding borrowings, interest accrued and prepayment penalties, as applicable.. General corporate purposes.

Sael Industries Ltd Contact Details

Sael Industries Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814