| Public issue of 48,20,000 equity shares of Rs. 10 each ("equity shares") of Spicy Entertainment and Media Limited ("SEML" or the "company" or the "issuer") for cash at a price of Rs. 10 per share (the "issue price"), aggregating to Rs. 4.82 crores ("the issue"), of which, 2,60,000 equity shares of Rs. 10 each will be reserved for subscription by market makers to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 45,60,000 equity shares of Rs. 10 each is hereinafter referred to as the "net issue". The issue and the net issue will constitute 29.19% and 27.62%, respectively of the post issue paid up equity share capital of the company.
The face value of the equity share is Rs. 10 each and the issue price of Rs. 10/- i.e. 1 time or at par of the face value.
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