IPO

Rite Water Solutions (India) Ltd

Registered Office : Plot No.K-60, MIDC Industrial-,Area Hingna Road,Nagpur Maharashtra 440016 Phone : +91 71 2222 0002
Fax :

Email : cs@ritewater.in

Website : www.ritewater.in

Initial public offering of up to [*] equity shares of face value of Rs. 2/- each ("Equity Shares") of Rite Water Solutions (India) Limited ("Company" or "Issuer") 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. 745.00 crores ("Offer") comprising a fresh issue of up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 300.00 crores ("Fresh Issue") and an offer for sale of up to [*] equity shares of face value of Rs. 2/- each ("Offered Shares") aggregating up to Rs. 445.00 crores comprising up to [*] equity shares of face value of Rs. 2/- each by Vinayak S. Gan aggregating up to Rs. 85.00 crores, up to [*] equity shares of face value of Rs. 2/- each by Abhijeet V. Gan aggregating up to Rs. 90.00 crores and up to [*] equity shares of face value of Rs. 2/- each by Water Access Acceleration Fund S.L.P aggregating up to Rs. 270.00 crores (Collectively, "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). The offer shall constitute [*] % of the post-offer paid up equity share capital of the company. The company, in consultation with the brlms, may consider an issue of specified securities as may be permitted under applicable law to any person(s) for an amount aggregating up to Rs. 60.00 crores, at its discretion, prior to filing of the ("Pre-IPO Placement"). The pre-ipo placement, if undertaken will be at a price to be decided by its 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 the offer complying with rule 19(2)(b) of the securities contracts (Regulation) Rules, 1957, as amended ("scrr"). The utilisation of the proceeds raised pursuant to the pre-ipo placement will be done towards the objects of the offer in compliance with applicable law. The pre-ipo placement, if undertaken, shall not exceed 20.00 % of the fresh issue size. 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 face value of the equity shares is Rs. 2/- 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.