Senthel Towers, IV Floor, 1078, Avanashi Road, Coimbatore, Tamil Nadu - 641018
Phone: 7165000

Public Issue of 5528161 Equity Shares of Rs 5.00 each for Cash at a Premium of Rs 1485.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
15/03/202117/03/20211490.00 -
Lead Managers Registrar Listed at
Link Intime India Private Limited
C-101, 247 Park,
L.B.S. Marg, Vikhroli (West), ,
Mumbai, Maharashtra - 400083
Phone: 49186200 Fax: 49186195
Object of the issue

The Offer comprises a Fresh Issue of 5,528,161 Equity Shares, aggregating to Rs.1,500.00million by the Company and an Offer for Sale of 4,521,450Equity Shares, Taggregating to Rs. 6,736.96million by the Selling Shareholders, subject to finalization of the Basis of Allotment.

The Offer for Sale

The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders. Each of the Selling Shareholders will be entitled to the respective proportion of the proceeds of the Offer for Sale after deducting their portion of the Offer related expenses. Other than the listing fees for the Offer and expense on account of corporate advertisements (which shall be exclusively borne by the Company), all cost, fees and expenses in respect of the Offer will be shared among the Company and the Selling Shareholders, respectively, in proportion of the proceeds received for the Fresh Issue and their respective portion of Offered Shares, as may be applicable, upon the successful completion of the Offer. However, in the event that the Offer is withdrawn or not completed for any reason whatsoever, all the Offer related expenses will be borne exclusively by the Company. Further, for ease of operations, expenses of the Selling Shareholders may at the outset be borne by the Company and each Selling Shareholder shall reimburse the Company for such expenses incurred by the Company on behalf of such Selling Shareholders, in relation to the Offer, upon successful completion of the Offer in the manner as prescribed under applicable law and agreed amongst the Company and the Selling Shareholders.

The Fresh Issue

The Company proposes to utilize the funds which are being raised through the Fresh Issue, up to Rs. 1,500.00 million, after deducting the Offer related expenses to the extent payable by the Company with respect to the Fresh Issue, towards funding the following objects (collectively, referred to herein as the “Objects”):

1. repayment/pre-payment, in full or part, of certain borrowings availed of by the Company
2. general corporate purposes

Promoted by

The promoter of the Company is :

1. Mr. Srinivasan Ravi