Public issue of [*] equity share with a face value of Rs. 10 each (Equity Share) of Palco Recycle Industries Limited (The Company or The Issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating to Rs. 42.55 crores (The Issue). The issue comprises of a net issue of [*] equity shares aggregating to Rs. 30.00 crores to the public (Net Issue) and promoters' contribution of [*] equity shares aggregating to Rs. 12.55 crores (Promoters' contribution). The issue and the net issue will constitute [*]% and [*]%, respectively of the post-issue paid-up equity share capital of the company.Price band: Rs. [*] to Rs. [*] per equity share.The issue price is [*] times of the face value at the lower end of the price band and [*] times of the face value at the higher end of the price band