Shalby Limited: Public Offer opens on Tuesday, December 5, 2017, closes on Thursday, December 7, 2017

1-l-r_-shirish-chikalge-idfc-bank-ravi-bhandari-ceo-shalby-limited-and-shanay-shah-director-shalby-limited-at-the-ipo-press-conference-in-kolkata
(L-R_) Shirish Chikalge, IDFC Bank, Ravi Bhandari, CEO, Shalby Limited and Shanay Shah, Director, Shalby Limited

Shalby Limited (the “Company”) proposes to open, an initial public offering of equity shares of face value of Rs. 10 each (“Equity Shares”) for cash at a Price including a share premium (the “Offer”) on Tuesday, December 5, 2017. The Offer comprises comprising a fresh issue of Equity Shares aggregating up to Rs. 4,800 million and an Offer For Sale of up to 1,000,000 Equity Shares by Dr. Vikram Shah (the “Selling Shareholder”). The Offer comprises a Net Offer to the Public of Equity Shares (the “Net Offer”) and a reservation of up to 121,000 Equity Shares for subscription by Eligible Employees. The Offer closes on Thursday, December 7, 2017. The Anchor Investor Bid/Issue Period, if any, shall be one Working Day prior to the Bid/Issue Opening Date.

The Price Band for the Offer is fixed from Rs. 245 to Rs. 248 per Equity Share.

Bids can be made for a minimum lot of 60 Equity Shares and in multiples of 60 Equity Shares thereafter.

The Equity Shares to be offered through the Red Herring Prospectus (“RHP”) dated November 24, 2017 are proposed to be listed on BSE and NSE.

The Book Running Lead Managers (“BRLMs”) to the Offer are Edelweiss Financial Services Limited, IDFC Bank Limited and IIFL Holdings Limited.

The Issue is being made through the Book Building Process in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI ICDR Regulations”), wherein not more than 50% of the Net Offer shall be allocated on a proportionate basis to qualified institutional buyers (“QIBs”). The Company and the Selling Shareholder may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors (“Anchor Investor Portion”) on a discretionary basis, out of which, at least one-third will be available for allocation to domestic Mutual Funds only subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. Such number of Equity Shares representing 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remaining Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above Offer Price. Further, not less than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-Institutional Investors, and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. Further, up to 121,000 Equity Shares will be available for allocation on a proportionate basis to Eligible Employees, subject to valid Bids being received from them at or above the Offer Price. All Investors (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount process, and shall provide details of their respective bank account in which the Bid amount will be blocked by the SCSBs. For further details, see “Offer Procedure” on page 425 of the RHP.

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