IPO

Prozeal Green Energy Ltd

Registered Office : Block-C West Wing 1209-1212,Stratum Venus Grnd Nehrunagar,Ahmedabad Gujarat 380015 Phone : +91 79 4019 1727
Fax :

Email : cs@prozealgreen.com

Website : www.prozealgreen.com

Initial public offering of up to [*] equity shares of face value of Rs. 2/- each ("Equity Shares") of Prozeal Green Energy Limited ("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. 700.00 crores (the "Offer"). The offer comprises of a fresh issue of up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 350.00 crores (the "Fresh Issue") and an offer for sale of up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 350.00 crores (the "Offer for Sale"), consisting of up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 168.50 crores by Shobit Baijnath Rai and up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 168.50 crores by Manan Hitendrakumar Thakkar (the "Promoter Selling Shareholders"), up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 3.00 crores by Aar EM Ventures LLP, up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 2.00 crores by Bhaveshkumar Bachubhai Mehta, up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 6.00 crores by Jaya Chandrakant Gogri** and up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 2.00 crores by Manoj Mulji Chheda (the "Investor Selling Shareholders") (the Promoter Selling Shareholders along with the investor Selling Shareholders, the "Selling Shareholders" and such equity shares, the "Offered Shares"). The offer includes a reservation of up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. [*] crores, for subscription by eligible employees (as Defined Hereinafter) (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute [*] % and [*] % of the post-offer paid-up equity share capital, respectively. The company may, in consultation with the book running lead managers, consider a pre-ipo placement for cash consideration aggregating up to Rs. 70.00 crores. The pre-ipo placement will be at a price to be decided by the company, in consultation with the book running lead managers and the pre-ipo placement, if any, will be undertaken prior to the filing of the pre-ipo placement is completed, the size of the fresh issue will be reduced by the amount raised from the preipo placement and the minimum offer size shall constitute at least 10 % of the post-offer paid-up equity share capital of the company, in compliance with rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20 % of the size of the fresh issue. The utilisation of the proceeds raised pursuant to the pre-ipo placement will be done towards the objects in compliance with applicable law. Prior to the completion of the offer and the allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers 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 and the offer price is [*] times the face value of equity share. the employee discount (if any). The price band and the minimum bid lot will be decided by the company.