Mumbai, December 14, 2021: Supriya Lifescience Limited (The “Company”) to open its Bid / Offer in relation to its initial public offering on December 16, 2021.
The Price Band of the offer has been fixed at Rs. 265 to Rs. 274 per Equity Share. Bids can be made for a minimum of 54Equity Shares and in multiples of 54 equity shares thereafter.
The company plans to raise funds aggregating upto Rs. 7000 million. The offer comprises of fresh issue of equity shares aggregating upto Rs. 2000million by the Company (The “Fresh Issue”) and offer for sale aggregating upto Rs. 5000 million by Mr Satish Waman Wagh (The “Promoter Selling Shareholder”), (The “Offer for Sale”, together with the Fresh Issue, the “Offer”.)
This Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). This Offer is being made through the Book Building Process in accordance with Regulation 6(2) of the SEBI ICDRRegulations wherein not less than 75% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company and the PromoterSelling Shareholder in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”). One-third of the Anchor Investor Portionshall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price.
Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. If at least 75% of the Offer cannot be allotted to QIBs, the Bid Amounts received by our Company shall be refunded. Further, not more than 15%of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders (“RIBs”) in accordancewith the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All Bidders, other than Anchor Investors, are mandatorily required to participate in the Offer through theApplication Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA Account, which will be blocked by the Self Certified Syndicate Banks (“SCSBs”), or through the UPIMechanism. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.
For details, see “Offer Information” beginning on page 314 of the Red Herring Prospectus.
The Equity Shares offered through Red Herring Prospectus are proposed to be listed on BSE and NSE.
ICICI Securities Limited and Axis Capital Limited are the Book Running Lead Managers
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