| Issue of 1,54,00,000 equity shares of Rs. 10/- each at a price of Rs. 16/- per equity share (including a premium of Rs. 6/- per equity share) of Chemcel Biotech Limited (hereinafter referred to as the "company" or "issuer") for cash aggregating to Rs. 24.64 crores ("issue"). The issue comprises of contribution by promoters of 16,00,000 equity shares of Rs. 10/- each at a price of Rs. 16/- per equity share for cash aggregating to Rs. 2.56 Crores ("promoter's contribution portion"), 10,00,000 equity shares of Rs.10/- each reserved for eligible employees of the company on competitive basis at a price of Rs. 16/- aggregating to Rs. 1.60 crores ( hereinafter referred to as employee reservation portion ) and the net issue to the public of 1,28,00,000 equity shares of Rs. 10/- each at a price of Rs. 16/- per equity share for cash aggregating to Rs. 20.48 Crores ("net issue to public") the net issue to the public would constitute 49.39% of the fully diluted post issue paid up capital of our company.
Issue Price : Rs. 16 per equity share of face value of Rs. 10/- each
The issue price is 1.6 times of the face value of equity share.
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