AHLADA ENGINEERS LIMITED

MUMBAI, September 05, 2018: Ahlada Engineers Limited, is in the business of manufacturing steel doors and windows (steel-frame) and cater to customers across various segments and industries now plans to enter the capital market with an initial public offer of 34, 05,000 equity shares of face value Rs.10 each for cash in the Price Band of Rs.147 to Rs.150 per equity share. Bid can be made for a minimum 1,000 equity shares and in multiples of 1,000 equity shares thereafter.

The funds raised through the public issue are proposed to be utilized for (i) purchase of machinery/equipment; (ii) funding of Working Capital Gap; (iii) repayment of certain identified loans availed from lenders, Directors and Promoter and (iv) general corporate purposes and meeting IPO expenses.

1,71,000 Equity Shares are reserved for the Market Maker (Saffron Equity Advisors Private Ltd) and the Net Issue will be of 32,34,000 Equity Shares. The Issue and the Net Issue will constitute 26.35% and 25.03% of the fully diluted post-issue paid up capital.

The Issue is being made in accordance with Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time (“SEBI (ICDR) Regulations”), wherein not more than 40.01% of the Net Issue shall be available for allocation on a proportionate basis to QIBs; further, not less than 24.99% of the Net Issue will be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Issue will be available for allocation to Retail Individual Investors, in accordance with the SEBI (ICDR) Regulations, subject to valid Bids being received at or above the Issue Price. All potential investors shall participate in the Issue only through an Application Supported by Blocked Amount (“ASBA”) process.

The Book Running Lead Manager to the issue is Saffron Capital Advisors Private Limited, while Bigshare Services Private Limited is the Registrar to the issue.

The equity shares are proposed to be listed on the SME Platform of National Stock Exchange of India Limited (“NSE”).