Sterlite Electric Ltd - IPO

Sterlite Electric Ltd IPO Details

Initial public offering of up to 15,589,174 equity shares of face value of Rs. 2 each (Equity Shares) of Sterlite Electric Limited (formerly known as Sterlite Power Transmission Limited) (the 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. [*] Crore comprising afresh issue of up to 7,793,371 equity shares of face value of Rs. 2 each aggregating up to Rs. [*] Crore (the Fresh Issue) and an offer for sale of upto 7,795,803 equity shares of face value of Rs. 2 each aggregating up to Rs. [*] Crore by the promoter selling shareholder and up to 2,432 equity shares of face value of Rs. 2 each aggregating up to Rs. [*] Crore by the other selling shareholders (collectively, selling shareholders and such equity shares, the Offered Shares). The offer includes a reservation of up to [*] equity shares of face value of Rs. 2 each (constituting up to [*] % of the post-offer paid-up equity share capital) aggregating up to Rs. [*] Crore, for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). 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 face value of equity shares is Rs. 2 each. The offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot shall be decided by the company.

Objective of issue

Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by our Company. Funding of capital expenditure requirements for expansion through purchase of plant, machineries and equipment by our Company. General corporate purposes.

Sterlite Electric Ltd Contact Details

Sterlite Electric Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - secretarial.grid@sterlite.com

Website - www.sterlitepower.com