| Initial public offer of up to 1,52,24,925* equity shares of face value of Rs. 10 each ("Equity Shares") of EMS Limited ("Company") for cash at a price of Rs. 211 per equity share (including a premium of Rs. 201 per equity share) ("Offer Price") aggregating up to Rs. 146.24 crores through fresh issue of equity shares and an offer for sale (the "Offer") of up to 82,94,118 equity shares aggregating up to Rs. 175.01 crores by Ramveer Singh (the "Promoter Selling Shareholder") and the promoter selling shareholder are referred to as, the "Selling Shareholder" and such equity shares offered by the selling shareholder, the "Offered Shares"). The issue will constitute 27.42 % of the post-issue paid-up capital of the company.
*Subject to finalization of basis of allotment.
The company has, in consultation with the brlm, undertaken a pre-ipo placement of 16,00,000 equity shares at an issue price of Rs. 211 per equity share (including a premium of Rs. 201 per equity share) aggregating
Rs. 33.76 crores. The size of the fresh issue of up to Rs. 180.00 crores has been reduced by Rs. 33.76 crores pursuant to the pre-ipo placement and the revised size of the fresh issue is up to Rs. 146.24 crores.
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