| Initial public offering of up to [*] equity shares of face value of Rs.5 each ("Equity Shares") of J B Ecotex Limited ("the Company"or the "Company"or the "Issuer") for cash at a price of Rs.[*] per equity share ( Including a premium of Rs. [*] per equity share) (the "Offer Price") aggregating up to Rs. [*]Crores (the "Offer") comprising a fresh issue of up to [*] equity shares of face value of Rs.5 each aggregating up to Rs. 400.00 Crores by the company (the "Fresh Issue") and an offer for sale of up to 12,950,000 equity shares of face value of Rs.5 each aggregating up to Rs.[*] Crores (the "Offer for Sale"),comprising up to 3,970,000 equity shares of face value of Rs.5 each aggregating up to Rs. [*] Crores by Jitendrakumar Fulchand Arya, up to 1,100,000 equity shares of face value of Rs.5 each aggregating up to Rs. [*] Crores by Ayodhya Prasad Jugal kishore Singhal,up to 900,000 equity shares of face value of Rs.5 each aggregating up to Rs. [*] Crores by Rajesh Ramniwas Gupta, up to 900,000 equity shares of face value of Rs.5 each aggregating up to Rs. [*] Crores by Vishal Kejriwal, up to 1,690,000 equity shares of face value of Rs.5 each aggregating up to Rs. [*] Crores by Ramdas Laxminarayan Jindal, up to 1,690,000equity shares of face value of Rs.5 each aggregating up to Rs. [*] Crores by Himanshu Surendra Jariwala, up to 900,000 equity shares of face value of Rs.5 each aggregating up to Rs. [*] Crores by Hemant Vimalkumar Dhandharia, up to 900,000 equity shares of face value of Rs.5 each aggregating up to Rs.[*] Crores by Monika Rajesh Gupta, up to 900,000 equity shares of face value of Rs.5 each aggregating up to Rs. [*] Crores by Sajjan Kumar Kejriwal (the"Promoter Selling Shareholders"), and such equity shares cumulatively offered by the promoter selling shareholders, the "Offered Shares").
The company may, in consultation with the book running lead managers, consider a pre-ipo placement of equity shares aggregating up to Rs. 800.00 Crores, as maybe permitted under applicable law, at its discretion, prior to filing of the red herring prospectus with the roc. The pre-ipo placement, if undertaken, shall be under taken in consultation with the brlms and the price of the equity shares allotted pursuant to the pre-ipo placement shall be determined by the 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. Details of the pre-ipo placement, if undertaken, shall be included in the red herring prospectus and prospectus and shall be reported to the stock exchanges within 24 hours of such transactions, in accordance with regulation 54 of the sebi icdr regulations. We may utilize the proceeds from the pre-ipo placement towards the objects of the offer prior to completion of the offer. Prior to the completion of the offer and if the pre-ipo placement is undertaken, 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 in 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 prospectus.
In accordance with and subject to regulation 33 of the sebi icdr regulations, the offer may include a reservation of up to [*] equity shares of face value of Rs. 5 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 ("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 [*]%, respectively, of the post-offer paid-up equity share capital of the company. The company, in consultation with the brlms, may offer a discount of upto [*]% (upto Rs.[*] per equity share) to the offer price to eligible employees bidding in the employee reservation portion("Employee Discount").
The face value of the equity shares is Rs. 5 each. The offer price is [*] times the face value of the equity shares. The price band, the employee discount (if any), and minimum bid lot will be decided by the company.
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