Public issue of 1,76,40,750 equity shares of Rs.10/- each for cash at a price of Rs.30/- (including share premium of Rs.20/- per equity share) aggregating to Rs.52.92 Crores (hereinafter referred to as the issue). The issue will constitute 46.92% of the post-issue paid-up capital of the company. Issue Price is Rs.30/- per equity share of face value of Rs. 10/- each. The issue price is 3.0 times of the face value