| Initial public offer of upto 13,95,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Tankup Engineers Limited (The Company or The Issuer) at an issue price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores (Public Issue) out of which 70,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion) and upto 36,000 equity shares aggregating up to Rs. [*] crores for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). The public issue less market maker reservation portion and employee reservation portion i.e. issue of 12,89,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.35% and 24.34 % respectively of the post-issue paid-up equity share capital of the company. Employee reservation portion upto 36,000 equity shares or 2.58% of the issue. Price Band: Rs. 133 to Rs. 140 per equity share of the face value of Rs. 10 each. The floor price is 13.3 times of the face value of the equity shares and the cap price is 14 times of the face value of the equity shares. Bids can be made for a minimum of 1000 equity shares and in multiples of 1000 equity shares thereafter. |