Company Overview
Business Description: The company operates as an engineering consulting firm, though specific business operations and sectors are not detailed in this addendum.
Subsidiaries: No information about subsidiaries is provided in this addendum.
Offer Details
Offer Type: Initial Public Offering (IPO)
Offer Size: The offer comprises:
- Fresh issue of up to [•] equity shares aggregating up to ₹2,025.00 million
- Offer for sale of up to 6,750,000 equity shares aggregating up to ₹[●] million by the promoter selling shareholder
- Total offer constitutes [●]% of the post-offer paid-up equity share capital
Price Band: The price band will be decided by the company in consultation with Book Running Lead Managers and advertised in national dailies at least 2 working days prior to the bid/offer opening date.
Objects of the Issue: Not specified in this addendum.
Financials
Key Financials: No financial metrics (revenue, profit, EPS, EBITDA, margins) are provided in this addendum.
Capital Structure:
- Face value of equity shares: ₹10 each
- Pre-IPO placement may be considered aggregating up to ₹405.00 million
- If pre-IPO placement is completed, the amount will be reduced from the fresh issue
- Pre-IPO placement shall not exceed 20% of the size of the fresh issue
Use of Proceeds
Fund Utilization Breakdown: Not specified in this addendum.
Risk Factors
Business Risks: Not detailed in this addendum, but investors are cautioned about high risk involved in equity investments.
Market Risks: Not specified in this addendum.
Regulatory Risks: The offer is subject to SEBI ICDR Regulations compliance.
Management & Promoters
Promoter Background: Promoters include Venkatachala Chakrapani Redla, Sneha Redla, and Redla Nagarjun (newly classified as promoter).
Shareholding Pattern:
- Redla Nagarjun held 1,176,000 Equity Shares constituting 2.73% of pre-Offer paid-up Equity Share capital
- Post reclassification, the promoter group includes additional relatives of Redla Nagarjun
Management Team: Sugandha Khandelwal serves as Company Secretary and Compliance Officer.
Market & Industry
Industry Overview: Not provided in this addendum.
Competitors: Not specified in this addendum.
Market Growth Prospects: Not detailed in this addendum.
Legal & Compliance
Ongoing Legal Proceedings: No ongoing legal disputes mentioned in this addendum.
Regulatory Approvals:
- The addendum follows observations received from NSE on the DRHP
- Offer requires compliance with SEBI ICDR Regulations, 2018
- The equity shares are not being offered or sold in the United States without registration under US Securities Act of 1933
Additional Information:
- Employee Reservation Portion: Up to 5% of post-offer paid-up equity share capital reserved for eligible employees
- Employee Discount: Company may offer discount of ₹[•] to eligible employees
- Book Running Lead Managers: Ambit Private Limited, Centrum Capital Limited, KFin Technologies Limited
- Registrar to the Offer: KFin Technologies Limited
- Corporate Identification Number: U74200TG2005PLC045491