Ahmedabad, August 02, Brainbees Solutions Limited proposes to open its initial public offering on Tuesday, August 6.
According to a statement issued by the company here today Bid/ Offer Closing Date will be Thursday, August 8. Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, that is, Monday, August 5.
The Price Band of the Offer has been fixed from ₹440 per Equity Share to ₹465 per Equity Share. Bids can be made for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter.
The Offer comprises of a Fresh Issue of equity shares aggregating up to ₹ 16,660.00 million (the “Fresh Issue”) and an offer for sale of up to 54,359,733 equity shares of face value ₹ 2 (the “Offer for Sale”). The Offer for Sale comprises of up to 46,814,458 Equity Shares of face value ₹ 2 each by corporate selling shareholders and up to 7,545,275 Equity Shares of face value ₹ 2 each by individual selling shareholders.
The Offer includes a reservation of certain equity shares of face value of ₹ 2 each, aggregating up to ₹ 30.00 million for subscription by eligible employees (“Employee Reservation Portion”). The offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer”.
