IPO

Powerica Ltd

Registered Office : 9th Floor Bakhtawar Nariman,Point,Mumbai Maharashtra 400021 Phone : 91-22-4315 2525
Fax :

Email : secretary@powericaltd.com

Website : www.powericaltd.com

Initial public offer of up to [*] equity shares of face value of Rs. 5/- each ("Equity Shares") of Powerica Limited ("Company") for cash at a price of Rs.[*] per equity share (Including a Share Premium of Rs.[*] per Equity Share) ("Offer Price") aggregating up to Rs.1,400.00 crores comprising a fresh issue of up to [*] equity shares of face value of Rs. 5/- each aggregating up to Rs.700.00 crores by the company ("Fresh Issue") and an offer for sale of up to [*] equity shares of face value of Rs. 5/- each aggregating up to Rs.700.00 crores ("Offered Shares") by the Promoter Selling Shareholders (As Defined Below), consisting of up to [*] equity shares of face value of Rs. 5/- each aggregating up to Rs. 490.00 crores by Naresh Oberoi Family Trust and up to [*] equity shares of face value of Rs. 5/- each aggregating up to Rs. 210.00 crores by Kabir and Kimaya Family Private Trust (Collectively the "Promoter Selling Shareholders", and such equity shares offered by the promoter selling shareholders, the "Offered Shares") ("Offer for Sale", and together with the fresh issue, the "Offer"). The company, in consultation with the brlms, may consider pre-ipo placement, aggregating up to Rs.140.00 crores, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as Amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). The offer includes a reservation up to [*] equity shares of face value of Rs. 5/- each, aggregating up to Rs. [*] crores (Constituting up to [*]% of the post-offer paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The company, in consultation with the brlms may offer a discount of up to [*]% (Equivalent to Rs.[*] per Equity Share) of the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"), subject to necessary approvals as may be required. the offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall Constitute [*]% and [*]% of the post-offer paid-up equity share capital of the company, respectively. The face value of equity shares is Rs. 5/- each. The offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.