IPO price band is fixed at Rs 32 to Rs 33 per equity share of face value of Rs 10 each. Offer to remain open from October 20 to October 22, 2020. Out of the total allocation of 42,327,271 Equity Shares to the equity investors, 21,514,500 Equity shares (i.e 50.83% of the total allocation) were alloted to 6 domestic mutual funds through a total of 27 schemes.
The Initial Public offering consists of a fresh issue aggregating up to Rs 280 crore and an offer for sale of up to 72,000,000 Equity Shares by Equitas Holdings Limited. Bids can be made for a minimum of 450 Equity Shares and in multiples of 450 Equity Shares thereafter.
The Offer includes a reservation aggregating up to Rs. 51 crore for subscription by Eligible EHL Shareholders (“EHL Shareholder Reservation Portion”) and a reservation aggregating up to Rs. 1 crore for subscription by Eligible Employees (the “Employee Reservation Portion”). The Offer less the EHL Shareholder Reservation Portion and the Employee Reservation Portion is hereinafter referred to as the “Net Offer”.
The Equity Shares offered pursuant to the Offer are proposed to be listed on BSE Limited and National Stock Exchange of India Limited (“NSE”). For the purpose of the Offer, NSE is the designated stock exchange.