The Offer consists of a fresh issue of up to Rs400cr (“Fresh Issue”) and an offer for sale of up to 9,356,725 equity shares, comprising of an offer for sale of up to 5,967,097 Equity Shares by Kangchenjunga Limited (“Corporate Promoter Selling Shareholder”); up to 1,423,114 Equity Shares by Padmaja Gangireddy (“Individual Promoter Selling Shareholder”); up to 796,509Equity Shares by Vijaya Siva Rami Reddy Vendidandi (“VSRRV”); up to 783,747Equity Shares Valiant Mauritius Partners FDI Limited (“Valiant”), 132,831Equity Shares by Helion Venture Partners II, LLC (“Helion II”); up to 129,732Equity Shares by Kedaara Capital Alternative Investment Fund – Kedaara Capital AIF 1 (“Kedaara AIF 1”); and up to 123,695Equity Shares by Helion Venture Partners, LLC (“Helion”) (together, “Investor Selling Shareholders”).
The Bid/Offer Closing Date will be on August 7, 2019. Bids can be made for a minimum lot of 17 Equity Shares and in multiples of 17 Equity Shares thereafter. The Anchor Investor Bid/Offer Period shall be 1 Working Day prior to the Bid/Offer Opening Date which is August 2, 2019.
The equity shares are proposed to be listed on BSE and NSE (the “Stock Exchanges”).
The net proceeds from the Fresh Issue are proposed to be utilized towards augmenting its capital base to meet future capital requirements and general corporate purposes.
The Global Co-ordinators and Book Running Lead Managers (“GCBRLMs”) to the Offer are Axis Capital Limited, ICICI Securities Limited, IIFL Securities Limited and JM Financial Limited. The Book Running Lead Managers (“BRLMs”) to the Offer are IndusInd Bank and YES Securities (India).