Initial public offering of up to [*] equity shares of face value of Rs. 2/- each ("equity shares") of Shivalaya Construction Limtied (the "company" or the "issuer") for cash at a price of Rs. [*] per equity share of face value of Rs. 2/- each (the "offer price") aggregating up to Rs.[*] crores (the "offer") comprising a fresh issue of up to [*] equity shares of face value of Rs.2/- each by the company aggregating up to Rs. 450.00 crores (the "fresh issue") and an offer for sale of up to 24,861,900 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores comprising up to 11,613,645 equity shares of face value of Rs.2/- each aggregating up to Rs. [*] crores by Shripal Aggarwal, up to 5,765,475 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Pradeep Nandal, up to 6,215,475 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Sumitra Nandal ("promoter selling shareholders") and up to 817,305 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by S P Aggarwal & Sons (HUF) and up to 450,000 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Pardeep Nandal (HUF) (the "promoter group selling shareholders" and together with the promoter selling shareholders, the "selling shareholders" and such offer by the selling shareholders, the "offer for sale"). The offer shall constitute [*]% of the postoffer paid-up equity share capital of the company. The company, in consultation with the book running lead managers ("brlms"), may consider an issue of specified securities, as may be permitted under the applicable law, to any person(s), aggregating up to Rs. 90.00 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 scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. 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 up to [*] equity shares of face value Rs.2/- each, aggregating up to Rs.[*] crores (constituting up to [*]% of the post-offer paid-up equity share capital, for subscription by eligible employees ("employee reservation portion"). The offer less the employee reservation portion is hereinafter referred to as the "net offer". The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. The company, in consultation with the brlms, may offer a discount of Rs.[*] on the offer price to eligible employees bidding in the employee reservation portion ("employee discount"). The face value of the equity shares is Rs.2/- each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.