| Public issue of 4,500,000 equity shares of Rs. 10/- each of Semantic Space Technologies Limited (The "Company", or The "Issuer") for cash at a price of Rs. [*]~ per equity share (including a share premium of Rs. [*] per equity share), consisting of a fresh issue of 2,372,728 equity shares by the company ("Fresh Issue") and an offer for sale of 2,127,272 equity shares ("Offer for Sale") by UTI - India Technology Venture Unit Scheme and new Vernon Private Equity Limited (The "Selling Shareholders"), aggregating to Rs. [*] crores (The "Issue"). The issue comprises of a net issue to the public of 4,475,000 equity shares of Rs. 10/- each (The "Net Issue") and a reservation of upto 25,000 equity shares of Rs. 10/- each for the eligible employees on a competitive basis (The "Employee Reservation Portion"). The issue will constitute 31.25% of the fully diluted post issue paid-up capital of the company and the net issue will constitute 31.07% of the fully diluted post issue paid-up Capital of the company.
The face value of the equity shares is Rs. 10/- each.
~The company in consultation with the selling shareholders and the book running lead manager ("BRLM") may decide to offer a discount of Rs. [*] to the issue price to the eligible employees ("Employee Discount"). The excess amount paid at the time of bidding shall be refunded to the eligible employees within 12 working days from the bid / issue closing date.
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