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Powerica Ltd
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investorrelations@powericaltd.com Website:www.powericaltd.com
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Initial public offer of 2,78,53,332 equity shares of face value of Rs. 5 each ("Equity Shares") of Powerica Limited ("Company") for cash at a price of Rs. 395 per equity share (Including a Share Premium of Rs. 390 per Equity Share) ("Offer Price") aggregating to Rs. 1,100.00 Crores comprising a fresh issue of 1,77,26,751 equity shares of face value of Rs. 5 each aggregating to Rs. 700.00 Crores by the company ("Fresh Issue") and an offer for sale of 1,01,26,581 equity shares of face value of Rs. 5 each aggregating to Rs. 400.00 Crores ("Offered Shares") by the Promoter Selling Shareholders (As Defined Below), consisting of 70,88,607 equity shares of face value of Rs. 5 each aggregating to Rs. 280.00 Crores by Naresh Oberoi Family Trust and 30,37,974 equity shares of face value of Rs. 5 each aggregating to Rs. 120.00 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 of 55,865 equity shares of face value of Rs. 5 each, aggregating to Rs. 2 crores (Constituting 0.04% 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 9.37% (Equivalent to Rs. 37 per Equity Share) of the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer Constituted 22.01% and 21.97% of the post-offer paid-up equity share capital of the company, respectively.
Price Band: Rs. 395 per equity share of face value of Rs. 5 each.
The floor price is 79 times the face value of the equity shares.
Bids can be made for a minimum of 37 equity shares of face value of Rs. 5 each and in multiples of 37 equity shares of face value of Rs. 5 each thereafter.
A discount of Rs. 37per equity share is being offered to eligible employees bidding in the employee reservation portion
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Powerica Ltd
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Rs Cr |
Lead Managers to the Issue |
| 661.51 |
| IIFL Capital Services Limited |
| Nuvama Wealth Management Limited |
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| 1100.00 |
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| 63.28 |
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| Rs.
395.00
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| Projects |
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Prepayment/repayment of certain outstanding borrowings availed by our Company, in part or full
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General corporate purposes
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| Late Naresh Chander Oberoi |
| Bharat Oberoi |
| Renu Naresh Oberoi |
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