| Public offer of 33,24,000 equity shares of face value of Rs. 10 each ("equity shares") of Silver Touch Technologies Limited (the "company") for cash at a price of Rs. 121 per equity share (including a share premium of Rs. 111 per equity share) (the "offer price"), aggregating to Rs. 40.22 crores ("the offer") through an offer for sale comprising of 14,94,000 equity shares by Mr. Vipul H Thakkar, 14,94,000 equity shares by Mr. Jignesh A Patel, 70,080 equity shares by Mr. Minesh V Doshi and 2,65,920 equity shares by Mr. Palak V Shah, of which 1,74,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 121 per equity share, aggregating to Rs. 2.11 crores will be reserved for subscription by the market maker to the offer (the "market maker reservation portion"). The offer less market maker reservation portion i.e. Offer of 31,50,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 121 per equity share, aggregating to Rs. 38.12 crores is hereinafter referred to as the "net offer". The offer and the net offer will constitute 26.39% and 25.01% respectively of the fully diluted post offer paid up equity share capital of the company.
The Face value of the equity shares is Rs. 10 each and the offer price of Rs. 121 is 12.10 times of the face value of the equity shares.
|