IPO

B.S. Sponge Ltd

Registered Office : 34A, Metcalfe Street, 2nd,Floor Room No 2C/3,,Kolkata West Bengal 700013 Phone : +91 33 3537 6881
Fax :

Email : cs@bsstmx.com

Website : www.bsstmx.com

Initial public offering of up to [*] equity shares of face value Rs. 10/- each ("equity shares") of B.S. Sponge Limited ("the company" or the "company" or the "issuer") for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (the "offer price") aggregating up to Rs. 1000.00 crores (the "offer") comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 800.00 crores by the company (the "fresh issue") and an offer for sale of up to [*] equity shares aggregating up to Rs. 200.00 crores (the "offer for sale"), comprising up to [*] equity shares of face value Rs.10/- each aggregating up to Rs. 70.00 crores by Parmanand Agarwal and up to [*] equity shares of face value Rs. 10/- each aggregating up to Rs. 60.00 crores by Ashish Agarwal (the "promoter selling shareholders"), up to [*] equity shares of face value Rs. 10/- each aggregating up to Rs. 70.00 crores by Sulochana Agarwal (the "promoter group selling shareholder"), collectively with the promoter selling shareholders, the "selling shareholders", and such equity shares cumulatively offered by the selling shareholders, the "offered shares"). The company, in consultation with the brlms, may consider a pre-ipo placement, aggregating up to Rs. 160.00 crores, as may be permitted under applicable law, as its discretion, prior to filing of the roc. 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. Details of the pre-ipo placement, if undertaken, 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 in 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). In accordance with and subject to regulation 33 of the sebi icdr regulations, the offer may include a reservation of up to [*] equity shares of face value of Rs. 10/- each, aggregating up to Rs. [*] crores (constituting up to [*]% of the post offer paid-up equity share capital of the company), for subscription by eligible employees ("employee reservation portion"). The offer less the employee reservation portion is hereinafter referred to as the "net offer". The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. The company, in consultation with the brlms, may offer a discount of upto [*]% (upto Rs.[*] per equity share) to the offer price to eligible employees bidding in the employee reservation portion ("employee discount" subject to necessary approvals as may be required). The face value of the equity shares is Rs. 10/- each. The offer price is [*] times the face value of the equity shares. The price band, the employee discount(if any) and minimum bid lot will be decided by the company.