Sandhar Technologies Limited: Initial Public Offer of equity shares of face value Rs. 10 each (the “Equity Shares”) to open on March 19, 2018 and to close on March 21, 2018

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By  Vivek K.  Mobile: 09920183006 Email:indianshowbusiness@gmail.com

(L-R): Mr. Ravi Sardana, ICICI Securities Ltd, Mr. Jayant Davar (Co-Chairman and Managing Director) Sandhar Technologies Ltd, Mr. Arvind Joshi, (Whole Time Director & Chief Financial Officer) Sandhar Technologies Ltd, Mr. Yogesh Kapur, Axis Capital Ltd, and Ms. Charu Khatri (Resource Mobilisation & Legal) Sandhar Technologies Ltd at Sandhar Technologies Limited IPO Press conference held in Mumbai today.

Sandhar Technologies Limited (the “Company” or the “Issuer”) proposes to open on Monday, March 19, 2018, an initial public offering of Equity Shares of face value of Rs. 10 each comprising a fresh issue aggregating up to Rs. 3,000 million (“Fresh Issue”) and an offer for sale of up to 6,400,000 equity shares by GTI Capital Beta Pvt. Ltd. (“Offer for Sale” and together with the Fresh Issue, the “Offer”). The Price Band has been fixed from Rs. 327 to Rs. 332 per Equity Share.

The Bid/Offer Period will close on Wednesday, March 21, 2018. The Company and the Selling Shareholder may, in consultation with the Book Running Lead Managers, consider participation by Anchor Investors in accordance with the the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI ICDR Regulations”). The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Issue Opening Date.

Mr. Jayant Davar (Co-Chairman and Managing Director) Sandhar Technologies Ltd addressing the media at Sandhar Technologies Limited Press Conference held in Mumbai today.

Bids can be made for a minimum lot of 45 Equity Shares and in multiples of 45 Equity Shares thereafter.

The Equity Shares being offered through the Red Herring Prospectus dated March 7, 2018 (the “RHP”) are proposed to be listed on BSE and NSE.

The Book Running Lead Managers (“BRLMs”) to the Offer are ICICI Securities Limited and Axis Capital Limited.

The Offer is being made in accordance with Regulation 26(1) of the SEBI ICDR Regulations, through the Book Building Process wherein not more than 50% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”), provided that the Company and the Selling Shareholder, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (the “Anchor Investor Portion”), out of which one-third shall be reserved for domestic Mutual Funds only, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders, and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential investors, other than Anchor Investors, are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank account which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) to participate in the Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.

Disclaimer:

Sandhar Technologies Limited is proposing, subject to statutory and regulatory requirements, market conditions and other considerations, an initial public offering of its equity shares and has filed the RHP with the Registrar of Companies, Delhi and Haryana. The RHP will be available on the website of the SEBI at www.sebi.gov.in, BSE atwww.bseindia.com, NSE at www.nseindia.com and the websites of the BRLMs at www.icicisecurities.com and www.axiscapital.co.in. Any potential investor should note that investment in Equity Shares involves a high degree of risk. For details, potential investors should refer to the section titled “Risk Factors” on page 20 of the RHP. Investors should not refer to the draft red herring prospectus dated December 7, 2017 filed with SEBI for making any investment decision. The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) (“Regulation S”) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. No public offering of securities is contemplated in the United States.

This announcement has been prepared for publication in India and may not be released in the United States. This announcement is not an offer to sell or a solicitation of any offer to buy securities of our Company in the United States.

Capitalised terms not otherwise defined in this press release shall have the meanings given to them in the RHP.

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