Public Issue of up to 63,56,000 equity shares of Rs.10 each (equity shares) of Suyog Gurbaxani Funicular Ropeways Limited (sgfrl or the company) for cash at a price of Rs. (*) per share (the issue price), aggregating to Rs. (*) Crores (the issue), consisting of fresh issue of up to 38,40,734 equity shares aggregating Rs. (*) Crores (the fresh issue) and an offer for sale of up to 25,15,266 equity shares comprising of up to 11,04,521 equity shares by Mr.Rajkumar Gurbaxani (the promoter selling shareholder), up to 9,36,521 equity shares by Mr.Omprakash Gurbaxani(the promoter selling shareholder), up to 1,77,406 equity shares each by Mrs. Jyoti Gurbaxani and Mrs. Veenu Gurbaxani (the promoter group selling shareholders), up to 59,706 equity shares each by R D Gurbaxani Huf and O D Gurbaxani Huf (the promoter group selling shareholders) aggregating Rs. (*) Crores (offer for sale), of which up to 3,20,000 equity shares of Rs.10 each will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of up to 60,36,000 equity shares of Rs.10 each is hereinafter referred to as the ?net issue?. The issue and the net issue will Constitute 26.34% and 25.02%, 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 is (*) times of the face value.