| Initial public offering of up to 19,285,720 of Rs. 10 each ("Equity Shares") of advance Agrolife Limited ("the Company" or the "Issuer") for cash at a price of 100 per equity share (Including a Securities Premium of Rs. 90 Per Equity Share) ("Issue Price") aggregating up to Rs. 192.86 Crore ("the Issue"). the issue will constitute 30% of the post-issue paid-up equity share capital.
This issue includes a reservation of up to 30,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 0.29 Crore (Constituting up to 0.05% of the Post-Issue Paid-up Equity Share Capital) for purchase by eligible employees (the "Employee Reservation Portion"). the issue less the employee reservation portion is herein after referred to as the "Net Issue". the issue and the net issue would constitute 30% and 29.95%, respectively, of the post-issue paid-up equity share capital. the company, in consultation with the brlm, may offer a discount of up to 5% (equivalent to Rs 5 Per Equity Share) to the issue price to eligible employees bidding in the employee reservation portion ("Employee Discount").
Price Band: Rs. 95/- to Rs. 100/- for equity share of face value of Rs. 10 each.
The floor price is 9.50 times times the face value and cap price is 10.00 times of the face value of the equity shares.
Bids can made for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter.
A discount of Rs. 5 per equity share is being offered to eligible employees bidding in the employee reservation portion. |