The IPO is structured as an offer for sale by its promoter, Prudential Corporation Holdings. As on the date of the red herring prospectus, the company’s issued, subscribed and paid-up share capital stood at 17,652,090 shares of ₹1 each. Post completion of the proposed bonus issuance, the equity share capital will rise from 176,520,900 equity shares of face value ₹1 to 494,258,520 equity shares of face value ₹1.
