| Public offer of 8,10,000 equity shares of face value of Rs. 10/- each ("equity shares") of Mac Hotels Limited (the "company" or "offerer") for cash at a price of Rs. 24 per equity share (including a share premium of Rs. 14 per equity share), aggregating upto Rs. 1.94 crores ("the offer"), comprising an offer for sale of 8,10,000 equity shares by Hotel Miramar Comfort Private Limited (the "promotor/selling shareholder") aggregating upto Rs. 1.94 crores by the promotor/selling shareholder ("offer for sale"). the offer comprises of 40,000 equity shares of face value Rs. 10/- each for cash at a price of Rs. 24 per equity share, aggregating Rs. 0.10 crores which well 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 7,68,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 24 per equity share, aggregating Rs. 1.84 crores is hereinafter refered to as the "net offer". The offer and the net offer will constitute 27.00% & 25.60%, respectively of the 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. 24 is 2.4 times of the face value of the equity shares.
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