Vishakha Renewables Ltd - IPO

Vishakha Renewables Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs. 10 each (Equity Shares) of Vishakha Renewables Limited (Formerly Known As Vishakha Renewables Private Limited And Vishakha Glass Private Limited) (The Company or The Issuer) 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 of a fresh issue of up to [*] equity shares of face value of Rs. 10 each aggregating up to Rs. 1250.00 Crores (Fresh Issue) and an offer for sale of up to 18,152,206 equity shares of face value of Rs. 10 each (Offered Shares) aggregating up to Rs. [*] Crores comprising up to 6,223,253 equity shares of face value of Rs.10 each by Jigish Nagindas Doshi aggregating up to Rs. [*] Crores, up to 1,117,455 equity shares of face value of Rs.10 each by Akshat Jigishbhai Doshi aggregating up to Rs. [*] Crores, up to 2,016,912 equity shares of face value of Rs.10 each by Anky Jain aggregating up to Rs. [*] Crores, up to 509,100 equity shares of face value of Rs.10 each by Umesh Nagindas Doshi aggregating up to Rs. [*] Crores, up to 217,839 equity shares of face value of Rs.10 each By Bhadreshkumar Nagindas Doshi aggregating up to Rs. [*] Crores, and up to 8,067,647 equity shares of face value of Rs. 10 each by Adani Properties Private Limited aggregating up to Rs. [*] Crores (collectively, Selling Shareholders and such offer for sale of equity shares by the selling shareholders, the Offer For Sale). The offer shall constitute [*] of the post-offer paid up equity share capital of the company.This offer includes a reservation of up to [*] equity shares of face value of Rs.10 each, aggregating up to Rs. [*] Crores (constituting up to [*]% of the post-offer paid-up equity share capital of the company), for subscription by eligible employees (the Employee Reservation Portion). The company, in consultation with the book running lead managers, may offer a discount of up to [*]% (equivalent of Rs. [*] per equity share) to the offer price to eligible employees bidding under the employee reservation portion (the 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 prior to filing of the red herring prospectus with the roc, as may be permitted under applicable law, at its discretion. The pre-ipo placement, if undertaken, will be at a price to be decided by our company, in consultation with the brlms. 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 scrr. 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 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. 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 the prospectus. The company shall also ensure that the pre-ipo placement, if undertaken, is reported to the stock exchanges, within 24 hours of such pre-ipo placement (in part or entirety). The face value of the equity shares is Rs. 10 each. The offer price is [*] times the face value of the equity shares. The price band, and minimum bid lot will be decided by the company.

Objective of issue

Repayment and/or pre-payment, in part or full, of all or certain outstanding borrowings of the Company. General corporate purposes.

Vishakha Renewables Ltd Contact Details

Vishakha Renewables Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@vishakha.com

Website - www.vishakharenewable.com