The IPO will be for 18,496,640 equity shares of Rs 10 each for cash, at a price to be decided through a 100% book-building process.
Cox & Kings India Ltd, a unit of the UK-based unlisted travel firm Cox and Kings, has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to enter the capital market with its initial public offering (IPO).
The IPO will be for 18,496,640 equity shares of Rs 10 each for cash, at a price to be decided through a 100% book-building process. Up to 2,00,000 equity shares will be reserved for employees of the companies.
The issue would constitute 29.40% of fully diluted post-issue paid-up capital, while the net issue will constitute 29.08% of the fully diluted post-issue paid-up capital. India Infoline has been appointed the sole book running lead manager (BRLM) to the issue.
According to a company statement, the IPO will comprise a fresh issue of 15,450,000 equity shares and an offer for sale of 3,046,640 equity shares by Lehman Brothers Opportunity, Deutsche Securities Mauritius and Merrill Lynch Capital Markets Espana.
The company is also considering a pre-IPO placement with some investors and expects to complete the issuance before the filing of the red herring prospectus (RHP) with the registrar of companies.
Cox & Kings also said in the statement that the number of equity shares in the issue would be reduced to the extent of the equity shares proposed to be allotted in the pre-IPO placement, if, any, subject to the net issue to the public being at least 25% of the fully diluted post-issue paid up capital of the company.
Up to 50% of the net issue will be allocated on a proportionate basis to qualified institutional buyers, out of which 5% will be for allocation on a proportionate basis to mutual funds only.
The QIB portion will also include the anchor investor portion in accordance with applicable Sebi guidelines. Approximately 15% of the net issue will be made available for allocation on a proportionate basis to non-institutional bidders and not less than 35% of the net issue to retail individual bidders.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}