Public issue of 24,00,000 equity shares of Rs. 10 each for cash at a price of Rs. 18.00 per equity share (including a share premium of Rs. 8.00 per equity share) aggregating to Rs. 4.32 crores (the issue) by the company, of which 1,20,000 equity shares aggregating to Rs. 0.22 crores will be reserved for subscription by market maker(s) to the issue (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 22,80,000 equity shares of Rs. 10 each aggregating to Rs. 4.10 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 28.00% and 26.60%, respectively of the post Issue paid up equity share capital of the company.The face value of the equity share is Rs. 10/- per equity share and the issue price is 1.8 times of the face value