Public issue of upto (*) equity shares of face value of Rs.10 each (equity shares) of Bhadra Paper Mills Limited (company or issuer) for cash at a price of Rs.(*) per equity share (including a share premium of Rs.(*) per equity share) (offer price), aggregating up to Rs.51 Crores (the issue) consisting of fresh issue of upto (*) equity shares aggregating up to Rs.47 Crores (fresh issue) and an offer for sale of (*) equity shares by Mr. Subbaraju Lakshman (selling shareholder) aggregating up to Rs.4 Crores (offer for sale). The issue comprises of upto (*) equity shares of face value Rs.10 each for cash at a price of Rs.(*) per equity share, aggregating up to Rs.(*) Crores which will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of upto (*) equity shares of face value of Rs.10 each for cash at a price of Rs.(*) per equity share, aggregating up to Rs.(*) Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute (*)% and (*)% respectively of the post issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each. The price band and minimum bid lot will be decided by the company.