Initial public offering of up to 41,32,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company for cash at a price of Rs. 54 per equity share (including a share premium of Rs. 34 per equity share) ("Offer Price") aggregating up to Rs. 22.31 crores (the "Offer") comprising a fresh issue of up to 33,08,000 equity shares aggregating up to Rs. 17.86 crores by the company (the "Fresh Issue") and an offer for sale of up to 8,24,000 equity shares aggregating up to Rs. 4.45 crores by the promoters selling shareholder, (the "Offered Shares") (the "Offer for sale" and together with the fresh offer, the "Offer") of which upto 2,08,000 equity shares aggregating to Rs. 1.12 crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e., net offer of upto 39,24,000 equity shares at an offer price of Rs. 54 per equity share aggregating to Rs. 21.19 crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 27.23 % and 25.86 %, respectively of the post offer paid up equity share capital of the company.