Initial public issue of 36,08,000 equity shares of face value Rs. 10 each fully paid for cash at a price of Rs. 18 per equity share (including a share premium of Rs. 8 per equity share) (the issue price) aggregating up to Rs. 6.49 crores (the issue) of which upto 1,84,000 equity shares of face value Rs. 10 each for cash at a price of Rs. 18 per equity share, aggregating Rs. 0.33 crores 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 34,24,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 18 per equity share, aggregating Rs. 6.16 crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 27.03% and 25.65%, respectively of the post issue paid up equity share capital of the company.The Face value of the equity share is Rs. 10/- each and the issue price of Rs. 18 is 1.8 times of the face value of the equity shares.