| Initial public offering of 8,441,764 equity shares of face value of Rs. 10 each ("Equity Shares") of Ideaforge Technology Limited (The "Company" or the "Issuer") for cash at a price of Rs. 672 per equity share including a share premium of Rs. 662 per equity share (the "Offer Price") aggregating to
Rs. 567.25 crores (the "Offer"). The offer comprises of a fresh issue of 3,572,052 equity shares by the company aggregating to Rs. 240.00 crores (the "Fresh Issue") and an offer for sale of 4,869,712 equity shares (the "Offered Shares") aggregating to Rs. 327.25 crores (the "Offer for Sale"), comprising of 158,200 equity shares aggregating to Rs. 10.63 crores by Ashish Bhat ("Promoter Selling Shareholder"), 8,362 equity shares aggregating to Rs. 0.56 crores by Amarpreet Singh, 22,600 equity shares aggregating to Rs. 1.52 crores by Nambirajan Seshadri, 22,600 equity shares aggregating to Rs. 1.52 crores by Naresh Malhotra, 203,400 equity shares aggregating to Rs. 13.67 crores by Sujata Vemuri, 51,980 equity shares aggregating to Rs. 3.49 crores by Sundararajan K Pandalgudi, (the "Individual Selling Shareholders"), 135,600 equity shares aggregating to
Rs. 9.11 crores by A&E Investment llc, 53,200 equity shares aggregating to
Rs. 3.58 crores by Agarwal Trademart Private Limited, 1,106,722 equity shares aggregating to Rs. 74.37 crores by Celesta Capital ii Mauritius, 131,758 equity shares aggregating to Rs. 8.85 crores by Celesta Capital ii-b Mauritius, 202,044 equity shares aggregating to Rs. 13.58 crores by Export and Import Bank of India, 1,695,000 equity shares aggregating to Rs. 113.90 crores by Indusage Technology Venture Fund i, 1,055,646 equity shares aggregating to Rs. 70.94 crores by Qualcomm Asia Pacific Pte. Ltd. And 22,600 equity shares aggregating to Rs. 1.52 crores by Society for Innovation and Entrepreneurship (collectively referred to as the "Corporate Selling Shareholders" and together with the promoter selling shareholder and the individual selling shareholders, referred to as the "Selling Shareholders").
The offer included a reservation of 13,112 equity shares, aggregating to
Rs. 0.84 crores (constituting 0.03% of the post offer paid-up equity share capital of the company, for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constitute 20.26% and 20.23%, respectively, of the post-offer paid-up equity share capital of the company. The company, indusage and celesta capital, in consultation with the book running lead managers ("brlms"), offered a discount of 4.76% on the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount").
The company, in consultation with the book running lead managers, has undertaken a pre-ipo placement of 892,857 equity shares aggregating to
Rs. 60.00 crores. The size of the fresh issue of Rs. 300.00 crores was reduced by Rs. 60.00 crores pursuant to the pre-ipo placement and accordingly, the size of the fresh issue is Rs. 240.00 crores.
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