| Initial public offering of up to 16,800,000 equity shares of face value of Rs. 5/- each ("equity shares") of Srit India Limited ("company" or "issuer") for cash at a price of Rs. [*]# per equity share (including a share premium of Rs. [*] per equity share) ("issue price") aggregating up to [*] crores ("issue") comprising a fresh issue of up to 16,800,000 equity shares by the company aggregating up to Rs. [*] crores ("fresh issue").
This issue includes a reservation of [*] equity shares of face value of Rs. 5/- each aggregating to Rs. [*] crores# (constituting [*] % of the post-issue paid-up equity share capital of the company) for subscription by eligible employees (the "employee reservation portion"). The company, in consultation with the book running lead manager, may offer a discount of [*]% (equivalent of Rs.[*] per equity share) to the issue price to eligible employees bidding under the employee reservation portion ("employee discount"). The issue less the employee reservation portion is hereinafter referred to as "net issue". The issue and the net issue would constitute [*]% and [*]%, respectively, of the post-issue paid-up equity share capital.
The price band and the minimum bid lot, will be decided by the company.
# A discount of Rs. [*] per Equity Share may be offered to Eligible Employees Bidding in the Employee Reservation Portion. |