Susan Electricals India IPO

Initial public offer of upto 54,00,000 equity shares of face value of Rs. 10/- each (the equity shares) of Susan Electricals India Limited (the company or Seil or the issuer) at an offer price of Rs. [] per equity share for cash, aggregating up to Rs.[] crores (public offer) comprising of a fresh issue of upto 47,80,000 equity shares aggregating to Rs. [] crores (the fresh issue) and an offer for sale of upto 6,20,000 equity shares by the promoter selling shareholder, Vishal Jain (offer for sale) aggregating to Rs. [] crores, (hereinafter refferd as promoter selling shareholders) out of which []equity shares of face value of Rs. 10/- each, at an offer price of Rs. [] per equity share for cash, aggregating Rs. [] crores will be reserved for subscription by the market maker to the offer (the market maker reservation portion). The public offer less market maker reservation portion i.e. offer of [] equity shares of face value of Rs. 10/- each, at an offer priceof Rs. [] per equity share for cash, aggregating Rs. [] crores is herein after referred to as the net offer. The public offer and net offer will constitute 26.51% and [*]% respectively of the post-offer paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company.