| Initial public offering of 30,211,200^ equity shares of face value of Rs. 10 each ("Equity Shares") of Exicom Tele-Systems Limited ("Company" or the "Issuer") for cash at a price of Rs. 142 per equity share (including a share premium of Rs. 132 per equity share) (the "Offer Price") aggregating to
Rs. 429.00^ crores, comprising a fresh issue of 23,169,000^ equity shares aggregating to Rs. 329.00 crores ("Fresh Issue") and an offer for sale of 7,042,200 equity shares aggregating to Rs. 100.00^ crores ("Offer for Sale") by Nextwave Communications Private Limited (the "Promoter Selling Shareholder" and such equity shares offered by the promoter selling shareholder, the "Offered Shares") (the "Offer"). The offer constituted 25.00% of the post-offer paid-up equity share capital of the company.
The face value of equity shares is Rs. 10 each. The offer price is 14.20 times the face value of the equity shares. The company, in consultation with the book running lead managers, has undertaken a private placement pursuant to sections 42 and 62(1)(c) of the companies act, 2013 of 5,259,257 equity shares at an issue price of Rs. 135.00 per equity share (including a premium of Rs. 125.00 per equity share) for cash consideration aggregating to
Rs. 71.00 crores (the "Pre-ipo placement") on january 3, 2024. The size of the fresh issue has been reduced by Rs. 71.00 crores and accordingly, the revised size of the fresh issue is Rs. 329.00 crores. The relevant investors that have subscribed to the equity shares pursuant to the pre-ipo placement have, prior to the allotment of equity shares, been informed that there is no guarantee that the offer may come through or the listing may happen and accordingly, the investment was done by the relevant investors solely at their own risk.
^Subject to finalization of the basis of allotment
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