| Initial public offering of up to 60,24,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Speb Adhesives Limited ("Company" or the "Issuer") for cash at a price of
Rs. 56 per equity share (including a share premium of Rs. 46 per equity share) ("Offer Price") aggregating up to Rs. 33.73 crores comprising a fresh issue of up to 48,54,000 equity shares aggregating up to Rs. 27.18 crores by the company ("Fresh Issue") and an offer for sale of up to 11,70,000 equity shares aggregating up to Rs. 6.55 crores (the "Offered Shares") comprising up to 5,85,000 equity shares by Kirtikumar Vithlani aggregating up to Rs. 3.28 crores and up to 5,85,000 equity shares by Harish Vithlani aggregating up to
Rs. 3.28 crores (the "Selling Shareholders" and such offer, the "Offer for Sale") (the "Offer for Sale" and together with the fresh issue, the "Offer") of which 38,000 equity shares aggregating to Rs.0.21 crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer, less market maker reservation, i.e. net offer 54,86,000 equity shares of face value of Rs.10/- each at price of Rs. 56 per equity share aggregating to Rs. 30.72 crores is herein after referred to as the "net offer". The offer and the net offer will constitute 26.82% and 24.42% respectively of the fully-diluted post-offer paid-up equity share capital of the company. |