Initial Public Offer consisiting of fresh issue of upto 51,00,000* Equity Shares of face value of Rs. 10 each fully paid of Zircar Refractories Limited (the issuer or the company) for cash at a price of (*) per equity share (including a share premium of Rs. (*) per equity share) (the issue price) aggregating upto Rs. (*) Crores (the issue) of which (*) equity (*) shares of face value Rs. 10 each for cash at a price of Rs. (*) per equity share, aggregating* (*) Crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of (*) equity shares of face value of Rs. 10 each for cash at a price of Rs. (*) per equity share is hereinafter referred to as the net issue. The issue and the net issue will constitute (*)% and (*)%, respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. (*) is (*) times of the face value of the equity shares.