| Initial public offering of up to [*] equity shares of face value of Rs. 5 each ("Equity Shares") of Jagatjit Agri Engineering Limited (Formerly Jagatjit Agri Engineering Private Limited And Jagatjit Agri India Private Limited) ("The Company" or the "Issuer") for cash at a price of Rs. [*] per equity share (including securities premium of Rs. [*] per equity share) ("Offer Price") aggregating up to Rs. [*] Crores (the "Offer") comprising a fresh issue of up to [*] equity shares by the company aggregating up to Rs. 300 Crores (the "Fresh Issue")@ and an offer for sale of up to 3,100,000 equity shares (the "Offered Shares") aggregating to Rs. [*] Crores (the "Offer For Sale"), by Jagatjit Singh (referred to as the "Promoter Selling Shareholder").
The company, in consultation with the brlm, may consider further issue of specified securities to certain investors, as may be permitted under the applicable law, aggregating up to Rs. 60 Crores, prior to filing of the red herring prospectus with the roc ("pre-ipo placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. 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 securities contracts (regulation) rules, 1957, as amended ("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, our 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 share is Rs. 5 each and the offer price is [*] times the face value of equity shares. The price band and the minimum bid lot shall be decided by the company. |
