Initial public issue of 40,00,000 equity shares of Rs. 10 each for cash at a price of Rs.35/- per equity share (including share premium of Rs.25/- per equity share) aggregating Rs.14.00 Crores (hereinafter referred to as the issue). The issue comprises a reservation for eligible employees of upto 1,00,000 equity shares of Rs. 10 each (the employee reservation portion) aggregating Rs.0.35 Crores and the net issue to the public of 39,00,000 equity shares of Rs.10 each (the net issue) aggregating Rs. 13.65 Crores. The issue would constitute 37.53% of the fully diluted post issue paid-up capital of the company. The net issue to the public would constitute 36.59% of the fully diluted post issue paid-up capital of the company.Issue Price is Rs.35/ per equity share of face value of Rs 10/-The issue price is 3.5 of the face value