Initial Public Offering of 35,00,000 Equity Shares of Rs. 10/- each issued for cash at a premium of Rs. 40 per equity share (Price of Rs. 50 per share)aggregating Rs. 17.50 crores. The Face Value of the Equity Shares of the company is Rs. 10/- per share and Issue price of Rs. 50/- per share is 5 Times of the face value of the equity shares of the company.