| Initial public offer of up to [*] equity shares of face value Rs. 10 each ("equity shares") of Seaways Shipping and Logistics Limited ("company" or "issuer") For cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. [*] Crores (the "offer") consisting Of a fresh issue of up to [*] equity shares by our company aggregating up to Rs. 80 Crores (the "fresh issue") and an offer for sale of up to 6,445,224 equity Shares by parvataneni vivek anand, parvataneni sudha mohan, parvataneni prasanthi, parvathaneni vishwa ratan, parvathaneni divya, ratakondla Ramesh and idfc private equity fund ii, (the "selling shareholders") aggregating up to Rs. [*] Crores (the "offer for sale"). The offer comprises a Net offer to the public of up to [*] equity shares (the "net offer") and a reservation of up to 400,000 equity shares aggregating up to Rs. [*] Crores for Subscription by eligible employees (as defined herein) (the "employee reservation portion"). The offer would constitute [*]% of our post-offer paidup Equity share capital and the net offer would constitute [*] % of our post-offer paid-up equity share capital. |