Ortel Communications Limited (the “Company” or the “Issuer”) proposes to open
on Tuesday, March 3, 2015, a public issue of up to 12 million equity shares of face value of Rs. 10 each (“Equity Shares”) including a share premium per Equity Share (the “Issue”). The Price Band is fixed from Rs. 181 to Rs. 200 per Equity Share.
The Issue comprises a fresh issue to the public
of up to 6 million Equity Shares (the “Fresh Issue”) and an Offer for Sale
of up to 6 million Equity Shares (“Offer For Sale”) by NSR-PE Mauritius LLC (the “Selling Shareholder”). The Bid/ Issue closes on March 5, 2015. The minimum Bid lot is 75 Equity Shares and in multiples of 75 Equity Shares thereafter. The Issue constitutes 39.25% of the fully diluted Post-Issue Paid up Equity Share Capital of the Company.
The Company and the Selling Shareholder may, in consultation with the Book Running Lead Manager, allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third will be available for allocation to domestic Mutual Funds only. Anchor investors shall bid on Anchor Investor Bidding Date (March 2, 2015).
The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the NSE and the BSE.
The Book Running Lead Manager (“BRLM” *) to the Issue is Kotak Mahindra Capital Company Limited.