Initial public issue of 22,42,000 equity shares of face value of Rs. 10/- each of the company for cash at a price of Rs. 53/- per equity share (including a share premium of Rs. 43/- per equity share) aggregating upto Rs. 11.88 crores ("the issue"), out of which 1,14,000 equity shares of face value of Rs. 10/- each aggregating to Rs. 0.60 crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. issue of 21,28,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 53/- per equity share for cash, aggregating to Rs.1127.84 crores is hereinafter referred to as the "net issue". The public issue and net issue will constitute 26.99% and 25.62% respectively of the post-issue paid-up equity share capital of the company. The face value of the equity share is Rs. 10/- and the issue price is 5.3 times of the face value.