Leapfrog Engineering Services Ltd IPO
Status: Upcoming
Overview
IPO date
23 Apr 2026 to 27 Apr 2026
Face value
₹ 5 per share
Price
₹ 21 to ₹23 per share
Issue Size
38,484,000 shares
(aggregating up to ₹ 88.71 Cr)
(aggregating up to ₹ 88.71 Cr)
Allotment Date
28 Apr 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Infrastructure Developers & Operators
Objectives of Leapfrog Engineering Services Ltd IPO
Leapfrog Engineering Services Ltd IPO Strategy
About Leapfrog Engineering Services Ltd
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T&C*
Strengths vs Risks of Leapfrog Engineering Services Ltd
Know the pros & cons
Strengths
Experienced promoters having deep knowledge to scale up the business.- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
Risks
- The Company's Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- Dependence on Leased Premises for Business Operations.
- The company may faces several risks associated with the object of the issue of setting up of proposed Assembling Unit, which could hamper its growth prospects, cash flows and business and financial condition.
- The company cannot assure you that the proposed assembling unit will become operational as scheduled, or at all, or operate as efficiently as planned. If the company is unable to commission its new facility in a timely manner or without cost overruns, it may adversely affect the company's business, results of operations and financial condition.
- The cost estimates for the proposed assembling unit at Site No. 11 & 12, Akshya Nagar, Yelenahalli, Begur, Bengaluru - 560068, Karnataka have been derived from management estimates and quotations received from third parties and may not be accurate.
- The Company is yet to place orders for civil work and plant & machineries for the proposed assembling unit. Any delay in placing orders or completion of civil works or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
- EPCC projects are typically awarded to the company on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. The company's business and its financial condition may be adversely affected if new infrastructure projects are not awarded to the company or if contracts awarded to the company are prematurely terminated.
- Dependence on Middle Eastern Markets for Export Revenue.
- The company's business is substantially dependent on certain key customers, from whom the company derives a significant portion of its revenues. The loss of any significant customer may have a material and adverse effect on its business and results of operations.
- The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- The company's business is dependent on certain suppliers and the loss of one or more of them would have a material adverse effect on the business.
- The company's Order Book may not be representative of its future results and the company's actual income may be significantly less than the estimates reflected in the company's Order Book, which could adversely affect its results of operations.
- There are certain discrepancies noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies.
- There have been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities.
- The company's clientele comes from various Industrial Segments, such as, Power and Telecommunication, Oil and Gas, Food processing, Pharma, Metals, Minerals, Railways, Refineries, Mining etc. and therefore any downturn in these industries may adversely affect the revenue and operating profit of the company.
- The average cost of acquisition of Equity Shares by the company's Promoters is lower than the Issue Price.
- The company has certain contingent liabilities, which, if materialized, may affect its financial condition and results of operations.
- The company's ability to protect or use intellectual property right may adversely affect its business.
- The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on its financial condition and results of operations.
- Potential Financial Impact of Collateral Forfeiture on Business Stability
- The company's projects are exposed to various implementation and other risks, including risks of time and cost overruns, and uncertainties, which may adversely affect its business, financial condition, results of operations, and prospects.
- The company's business requires its to obtain and renew certain licenses and permits from government, regulatory authorities and the failures to obtain or renew them in a timely manner may adversely affect its business operations.
- The company's industry is labour intensive, and the company's business operations may be materially adversely affected by strikes, work stoppages or increased wage demands by its employees or those of the company's suppliers.
- The company has substantial working capital requirements. The company's inability to obtain and / or maintain sufficient cash flow, credit facilities and other sources of funding in a timely manner to meet its requirements of working capital or payment of our debts, could adversely affect the company's operations.
- The company is dependent on Promoters, directors and key managerial personnel of the Company for success whose loss could seriously impair the ability to continue to manage and expand business efficiently.
- Disruptions or failures in the company's information technology systems may affect its operations. Further, Changes in technology may render the company's current technologies obsolete or require the company to make substantial capital investments.
- The company actual cost in executing a work order or in constructing a project may vary substantially from the assumptions underlying the company's bid. the company may be unable to recover all or some of the additional expenses, which may have a material adverse effect on its results of operations, cash flows and financial condition.
- the company's insurance coverage may not be adequate to protect the company against certain losses and this may have a material adverse effect on its business.
- The company is required to furnish financial and performance bank guarantees and letter of credits as part of its business. The company's inability to arrange such guarantees and/or letters of credit may adversely affect ist cash flows and financial condition.
- The company cannot assure that the construction of its projects will be free from any or all defects, which may adversely affect the company's business, financial condition, results of operations and prospects.
- Compliance with, and changes in, environmental, health and safety laws and regulations or stringent enforcement of existing environmental, health and safety laws and regulations may result in increased liabilities and increased capital expenditures may adversely affect its cash flows, business results of operations and financial condition.
- The company may need to raise additional capital in the future for working capital and the company may not be able to do so on favourable terms or at all, which would impair its ability to operate the company's business or achieve the company's growth objectives, which may have an adverse effect on its results of operations and business.
- The company may not be able to collect receivables due from its clients, in a timely manner, or at all, which may adversely affect the company's business, financial condition, results of operations and cash flows.
- The company's operations are subject to risks of mishaps or accidents that could cause damage or loss to life and property and could also result in loss or slowdown in the company's business.
- The company appoint contract labour for carrying out certain of its operations and the company may be held responsible for paying the wages of such workers, if the independent contractors through whom such workers are hired default on their obligations, and such obligations could have an adverse effect on its results of operations, cash flows and financial condition.
- If the company is unable to source business opportunities effectively, the company may not achieve its financial objectives.
- The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- the company's management will have broad discretion in how the company apply the Net Proceeds of the Issue and there is no assurance that the Objects of the Offer will be achieved within the time frame expected, or at all, or that the deployment of Net Proceeds in the manner intended by the company will result in an increase in the value of your investment.
- The Company may faces risks associated with business transactions with Government Entities.
- In addition to the company's existing indebtedness for its operations, the company may be required to obtain further loan during the course of business. There can be no assurance that the company would be able to service its existing and/or additional indebtedness.
- The company's debt financing agreements contain certain restrictive covenants that may adversely affect the Company's business, credit ratings, prospects, results of operations and financial condition.
- The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
- The company's lenders have charge over its movable properties, book debts, stocks in respect of finance availed by the company .
- Portion of the company's Issue Proceeds are proposed to be utilized for general corporate purposes which constitute [?]% of the Issue Proceed.
- Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- The company is subject to risks arising from interest rate fluctuations, which could adversely affect its business, financial condition and results of operations.
- The company faces competition in the company's business from organized and unorganized players, which may adversely affect its business operation and financial condition.
- The company may not be successful in implementing its business strategies.
- Industry information included in this Red Herring Prospectus has been derived from www.ibef.org and other publicly available sources There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- An inability to renew quality accreditations in a timely manner or at all, or any deficiencies in the quality of the company's products may adversely affect its business prospects and financial performance.
- The company is subject to risks resulting from foreign exchange rate fluctuations, which could adversely affect its results of operations.
- Some of the KMPs is associated with the company for less than one year.
- Upon completion of the Issue, the company's Promoters may continue to retain significant control, which will allow them to influence the outcome of matters submitted to the shareholders for approval.
- In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect its revenues and results of operations.
- While the Company will receive proceeds from the Fresh Issue, it will not receive any proceeds from the Offer for Sale portion, and the Selling Shareholders, shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by them in the Offer for Sale.
- There is no guarantee that the company's Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all.
- The requirements of being a public listed company may strain its resources and impose additional requirements.
- Some of the approvals are required to be updated consequent to the change in the name of the Company.
- The Issue Price of its Equity Shares may not be indicative of the market price of the company's Equity Shares after the Issue.
- After this Issue, the price of the company's Equity Shares may be volatile, or an active trading market for its Equity Shares may not be sustained.
- The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
- There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- Any future issuance of Equity Shares may dilute the investors' shareholdings or sales of its Equity Shares by the company's Promoters or Promoter Group may adversely affect the trading price of its Equity Shares.
- The Company has not paid any dividends till now and there can be no assurance that the company will pay dividends in future.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- The investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.
- You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
- Applicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.
- Foreign investors may be restricted in their ability to purchase or sell Equity Shares.
- Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
- The company's Equity Shares are quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.
Leapfrog Engineering Services Ltd Peer Comparison
Understand the company’s industry standing
Engineers India Ltd
Konstelec Engineers Ltd
Leapfrog Engineering Services Ltd
Face Value
5
10
1
Standalone / Consolidated
Standalone
Standalone
Standalone
Total Income Rs. Cr.
3028.3526
193.7068
134.6624
EPS-Basis
8.28
2.83
1.57
EPS-Diluted
---
---
---
NAV Per Share
46.62
65.34
4.97
P/E-Basic EPS
26.21
14.82
0.0
P/E-Diluted EPS
---
---
---
RONW(%)
17.76
4.34
30.47
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 23 Apr 2026 & closes on 27 Apr 2026.
Leapfrog Engineering Services Limited was originally incorporated as a Private Limited Company in the name of 'Leapfrog Informatics Private Limited' on May 09, 2005 issued by Registrar of Companies, Karnataka. Subsequently, Company name changed to 'Leapfrog Engineering Services Private Limited' on January 23, 2009. Accordingly, the status has got converted into Public Limited Company as 'Leapfrog Engineering Services Limited' dated June 21, 2024 vide a fresh Certificate of Incorporation issued by Registrar of Companies, Central Processing Centre .
The Company is engaged into execution of integrated engineering, procurement, construction, and commissioning (EPCC) contracts with a specialized focus on electrical, instrumentation, fire safety, modular substation and automation systems. It provide EPC services to industries, including Oil and Gas, Food processing, Pharma, Metals among others.
The Company started its business operations in 2005. It acquired electrical works for the Early Production Facility (EPF50) project at North Kuwait and expanded the workforce in 2006. The EPF50 project got commissioned in 2007, followed by the launching of Instrumentation Services in 2008.
Over the years, Company has undergone a remarkable transformation, evolving from a small-scale enterprise into a thriving medium-sized business. In the last two financial years, the Company has executed export orders worth over Rs. 225 Crores as a prominent player both in India and globally. Over the past decade, it completed more than 14 projects for Kuwait through time-bound and quality mechanisms. As a trusted partner in EPCC contracts, the Company manages a wide range of services designed to meet the diverse needs of its clients including Electrical Solutions; Instrumentation & Industrial Automation; Fire Protection & Safety System; Building Automation System; Modular Substation Solutions and Enterprise Solutions.
The Company established an assembling unit for captive demand in 2019. It launched Control System and Automation domain in 2023 and secured multiple orders from steel company for automation jobs.
The Company has filed a Draft Prospectus and is planning to come out with its Initial Public Offering aggregating an Issue Size of 4,10,64,000 Equity Shares of face value of Re 1/- each comprising a fresh issue of 3,71,76,000 equity shares and 38,88,000 equity shares through offer for sale.
Leapfrog Engineering Services Ltd IPO will close on 27 Apr 2026.
- Experienced promoters having deep knowledge to scale up the business.
- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Prabhav Narasimha Rao | 47628000 | 44.44 | 43752000 | 30.86 |
| 2 | Priyashaila Prabhav Rao | 45612000 | 42.55 | 45612000 | 32.17 |
| 3 | Ayush P Rao | 4032000 | 3.76 | 4032000 | 2.84 |
| 4 | Pranav Narasimha Rao | 1218000 | 1.14 | 1218000 | 0.86 |
| 5 | Pratibha Upadhyaya | 252000 | 0.24 | 252000 | 0.18 |
| 6 | Upanishad Prashant Rao | 252000 | 0.24 | 252000 | 0.18 |
| 7 | Prajna Shridhar Acharya | 252000 | 0.24 | 252000 | 0.18 |
- The Company's Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- Dependence on Leased Premises for Business Operations.
- The company may faces several risks associated with the object of the issue of setting up of proposed Assembling Unit, which could hamper its growth prospects, cash flows and business and financial condition.
- The company cannot assure you that the proposed assembling unit will become operational as scheduled, or at all, or operate as efficiently as planned. If the company is unable to commission its new facility in a timely manner or without cost overruns, it may adversely affect the company's business, results of operations and financial condition.
- The cost estimates for the proposed assembling unit at Site No. 11 & 12, Akshya Nagar, Yelenahalli, Begur, Bengaluru - 560068, Karnataka have been derived from management estimates and quotations received from third parties and may not be accurate.
- The Company is yet to place orders for civil work and plant & machineries for the proposed assembling unit. Any delay in placing orders or completion of civil works or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
- EPCC projects are typically awarded to the company on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. The company's business and its financial condition may be adversely affected if new infrastructure projects are not awarded to the company or if contracts awarded to the company are prematurely terminated.
- Dependence on Middle Eastern Markets for Export Revenue.
- The company's business is substantially dependent on certain key customers, from whom the company derives a significant portion of its revenues. The loss of any significant customer may have a material and adverse effect on its business and results of operations.
- The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- The company's business is dependent on certain suppliers and the loss of one or more of them would have a material adverse effect on the business.
- The company's Order Book may not be representative of its future results and the company's actual income may be significantly less than the estimates reflected in the company's Order Book, which could adversely affect its results of operations.
- There are certain discrepancies noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies.
- There have been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities.
- The company's clientele comes from various Industrial Segments, such as, Power and Telecommunication, Oil and Gas, Food processing, Pharma, Metals, Minerals, Railways, Refineries, Mining etc. and therefore any downturn in these industries may adversely affect the revenue and operating profit of the company.
- The average cost of acquisition of Equity Shares by the company's Promoters is lower than the Issue Price.
- The company has certain contingent liabilities, which, if materialized, may affect its financial condition and results of operations.
- The company's ability to protect or use intellectual property right may adversely affect its business.
- The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on its financial condition and results of operations.
- Potential Financial Impact of Collateral Forfeiture on Business Stability
- The company's projects are exposed to various implementation and other risks, including risks of time and cost overruns, and uncertainties, which may adversely affect its business, financial condition, results of operations, and prospects.
- The company's business requires its to obtain and renew certain licenses and permits from government, regulatory authorities and the failures to obtain or renew them in a timely manner may adversely affect its business operations.
- The company's industry is labour intensive, and the company's business operations may be materially adversely affected by strikes, work stoppages or increased wage demands by its employees or those of the company's suppliers.
- The company has substantial working capital requirements. The company's inability to obtain and / or maintain sufficient cash flow, credit facilities and other sources of funding in a timely manner to meet its requirements of working capital or payment of our debts, could adversely affect the company's operations.
- The company is dependent on Promoters, directors and key managerial personnel of the Company for success whose loss could seriously impair the ability to continue to manage and expand business efficiently.
- Disruptions or failures in the company's information technology systems may affect its operations. Further, Changes in technology may render the company's current technologies obsolete or require the company to make substantial capital investments.
- The company actual cost in executing a work order or in constructing a project may vary substantially from the assumptions underlying the company's bid. the company may be unable to recover all or some of the additional expenses, which may have a material adverse effect on its results of operations, cash flows and financial condition.
- the company's insurance coverage may not be adequate to protect the company against certain losses and this may have a material adverse effect on its business.
- The company is required to furnish financial and performance bank guarantees and letter of credits as part of its business. The company's inability to arrange such guarantees and/or letters of credit may adversely affect ist cash flows and financial condition.
- The company cannot assure that the construction of its projects will be free from any or all defects, which may adversely affect the company's business, financial condition, results of operations and prospects.
- Compliance with, and changes in, environmental, health and safety laws and regulations or stringent enforcement of existing environmental, health and safety laws and regulations may result in increased liabilities and increased capital expenditures may adversely affect its cash flows, business results of operations and financial condition.
- The company may need to raise additional capital in the future for working capital and the company may not be able to do so on favourable terms or at all, which would impair its ability to operate the company's business or achieve the company's growth objectives, which may have an adverse effect on its results of operations and business.
- The company may not be able to collect receivables due from its clients, in a timely manner, or at all, which may adversely affect the company's business, financial condition, results of operations and cash flows.
- The company's operations are subject to risks of mishaps or accidents that could cause damage or loss to life and property and could also result in loss or slowdown in the company's business.
- The company appoint contract labour for carrying out certain of its operations and the company may be held responsible for paying the wages of such workers, if the independent contractors through whom such workers are hired default on their obligations, and such obligations could have an adverse effect on its results of operations, cash flows and financial condition.
- If the company is unable to source business opportunities effectively, the company may not achieve its financial objectives.
- The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- the company's management will have broad discretion in how the company apply the Net Proceeds of the Issue and there is no assurance that the Objects of the Offer will be achieved within the time frame expected, or at all, or that the deployment of Net Proceeds in the manner intended by the company will result in an increase in the value of your investment.
- The Company may faces risks associated with business transactions with Government Entities.
- In addition to the company's existing indebtedness for its operations, the company may be required to obtain further loan during the course of business. There can be no assurance that the company would be able to service its existing and/or additional indebtedness.
- The company's debt financing agreements contain certain restrictive covenants that may adversely affect the Company's business, credit ratings, prospects, results of operations and financial condition.
- The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
- The company's lenders have charge over its movable properties, book debts, stocks in respect of finance availed by the company .
- Portion of the company's Issue Proceeds are proposed to be utilized for general corporate purposes which constitute [?]% of the Issue Proceed.
- Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- The company is subject to risks arising from interest rate fluctuations, which could adversely affect its business, financial condition and results of operations.
- The company faces competition in the company's business from organized and unorganized players, which may adversely affect its business operation and financial condition.
- The company may not be successful in implementing its business strategies.
- Industry information included in this Red Herring Prospectus has been derived from www.ibef.org and other publicly available sources There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- An inability to renew quality accreditations in a timely manner or at all, or any deficiencies in the quality of the company's products may adversely affect its business prospects and financial performance.
- The company is subject to risks resulting from foreign exchange rate fluctuations, which could adversely affect its results of operations.
- Some of the KMPs is associated with the company for less than one year.
- Upon completion of the Issue, the company's Promoters may continue to retain significant control, which will allow them to influence the outcome of matters submitted to the shareholders for approval.
- In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect its revenues and results of operations.
- While the Company will receive proceeds from the Fresh Issue, it will not receive any proceeds from the Offer for Sale portion, and the Selling Shareholders, shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by them in the Offer for Sale.
- There is no guarantee that the company's Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all.
- The requirements of being a public listed company may strain its resources and impose additional requirements.
- Some of the approvals are required to be updated consequent to the change in the name of the Company.
- The Issue Price of its Equity Shares may not be indicative of the market price of the company's Equity Shares after the Issue.
- After this Issue, the price of the company's Equity Shares may be volatile, or an active trading market for its Equity Shares may not be sustained.
- The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
- There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- Any future issuance of Equity Shares may dilute the investors' shareholdings or sales of its Equity Shares by the company's Promoters or Promoter Group may adversely affect the trading price of its Equity Shares.
- The Company has not paid any dividends till now and there can be no assurance that the company will pay dividends in future.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- The investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.
- You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
- Applicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.
- Foreign investors may be restricted in their ability to purchase or sell Equity Shares.
- Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
- The company's Equity Shares are quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.
The Issue type of Leapfrog Engineering Services Ltd is Book Building - SME.
The minimum application for shares of Leapfrog Engineering Services Ltd is 12000.
The total shares issue of Leapfrog Engineering Services Ltd is 38484000.
Initial public offer up to 3,84,84,000 equity shares of face value of Re. 1/- each ("Equity Shares") of Leapfrog Engineering Services Limited (the "Company" or the "Issuer") for cash at a price of Rs. [*]/- per equity share, including a share premium of Rs. [*]/- per equity share (the "Issue Price"), aggregating to Rs. [*] Crores ("the Issue"), comprising of a fresh issue of up to 3,46,08,000 equity shares aggregating to Rs. [*] Crores (the "Fresh Issue") and an offer for sale of up to 38,76,000 equity shares by the promoter selling shareholder, Prabhav Narasimha Rao ("Offer for Sale") aggregating to Rs. [*] Crores, (Hereinafter Refferd as "Promoter Selling Shareholder") out of which 19,26,000 equity shares of face value of Re. 1/- each for cash at a price of Rs. [*]/- per equity share, aggregating to Rs. [*] Crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. Issue of 3,65,58,000 equity shares of face value of Re. 1/- each for cash at a price of Rs. [*]/- per equity share, aggregating to Rs. [*] Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.14% and 25.78% respectively of the post issue paid up equity share capital of the company.
Price Band: Rs. 21/- to Rs. 23/- for equity share of face value of Rs. 1 each.
The floor price is 21 times times the face value and cap price is 23 times of the face value of the equity shares.
Bids can made for a minimum of 12,000 equity shares and in multiples of 6,000 equity shares thereafter.