| Intial public offer of 56,50,000 equity shares of face value of Rs. 10 each of Rachana Infrastructure Limited ("RIL" or the "Company" or the "Issuer") for cash at a price of Rs. 135 per equity share including a share premium of Rs. 125 per equity share (the "Issue Price") aggregating to Rs. 76.28 crores ("The Offer") comprising of fresh issue of 28,25,000 equity shares of
Rs. 135 per equity shares aggregating to Rs. 38.14 crores and offer for sale of 28,25,000 equity shares by selling shareholders of Rs. 135 per equity shares aggregating to Rs. 38.14 crores, of which 2,84,000 equity shares of face value of Rs. 10 each will for cash at a price of Rs. 135 per equity share including a share premium of Rs. 125 per equity share aggregating to Rs. 3.83 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 53,66,000 equity shares of face value of Rs. 10 each at a price of Rs. 135 per equity share aggregating to Rs. 72.44 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 30.37% and 28.84 % respectively of the post issue paid up equity share capital of the company.
The face value of the equity shares is Rs. 10 each and the issue price is 13.80 times of the face value.
Bid can be made for minimum of 1000 equity shares and in multiples of 1000 equity shares thereafter.
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