Varindera Constructions Ltd

Initial public offering of up to [] equity shares of face value of Re. 1 each (equity shares) of Varindera Constructions Limited (the company or the issuer) for cash at a price of Rs. [] per equity share including a share premium of Rs. [] per equity share (the offer price) aggregating up to Rs. 1200.00 crores. The offer comprises of a fresh issue of up to [] equity shares by the company aggregating up to Rs. 900.00 crores (the fresh issue) and an offer for sale of up to [] equity shares of face value of Re. 1 each (the offered shares) aggregating up to Rs. 300.00 crores (the offer for sale), comprising of up to [] equity shares of face value of Re. 1 each aggregating up to Rs. 201.00 crores by varinder kumar garg, up to [] equity shares of face value of Re. 1 each aggregating up to Rs. 99.00 crores by sushma garg, (collectively the promoter selling shareholders) (the offer for sale, and together with the fresh issue, the offer). The offer will constitute []% of the post-offer paid-up equity share capital of the company. This offer may include a reservation of up to [] equity shares of face value of Re. 1 each aggregating up to Rs. [] crores (constituting up to []% of the post-offer paid-up equity share capital of the company) for subscription by eligible employees (the employee reservation portion). The company, in consultation with the book running lead managers, may offer a discount of Rs. [] per equity share) to the offer price to eligible employees bidding under the employee reservation portion (employee discount). The employee reservation portion shall not exceed 5.00% of the post-offer paid-up equity share capital. 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 consider issue of specified securities, as may be permitted under the applicable law, aggregating up to Rs. 180.00 crores with the roc (pre-ipo placement). 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 securities contracts (regulation) rules, 1957, as amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, 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) shall be appropriately made in the relevant sections of the red herring prospectus and the prospectus. The face value of the equity shares is Re. 1 each. 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.