Public issue of 1,06,00,000 equity shares of Rs.10/- each at a price of Rs. 110/- per equity share for cash aggregating Rs. 116.60 crores (the issue), by Pradip Overseas Limited (the company or the issuer). The issue comprises 5,00,000 equity shares of Rs.10/- each reserved for subscription by eligible employees and a net issue to the public of 1,01,00,000 equity shares of Rs.10/- each. The issue will constitute 26.26 % of the fully diluted post issue paid-up capital of the compay. The net issue to public will constitute 25.02 % of the fully diluted post issue paid-up capital of our company.Issue Price : Rs. 110/- per equity share of face value of Rs.10/- eachThe issue price is 11 times of the face value