| Initial public offer of upto 49,80,000 equity shares of face value of Rs.10/- each (the Equity Shares) of Meta Infotech Limited (The Company or Mil or the issuer) at an offer price of Rs.161^/- per equity share (including share premium of Rs.151^/- per equity share) for cash, aggregating up to Rs. 80.13^ crores (Public Offer) comprising of a fresh issue of upto 12,45,000 equity shares aggregating to Rs. 19.99^ crores (the Fresh Issue) and an offer for sale of upto 37,35,000 equity shares by the promoter selling shareholder, Venu Gopal Peruri (Offer for Sale) aggregating to Rs. 60.13 crores, (hereinafter refferd as Promoter Selling Shareholder) out of which 2,52,000 equity shares of face value of Rs.10/- each, at an offer price of Rs. 161/- per equity share for cash, aggregating Rs. 4.06 crores was reserved for subscription by the market maker to the offer (the Market Maker Reservation portion) and upto 50,400 equity shares aggregating up to Rs.0.76^ crores for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). The company in consultation with the brlm, offered a discount equivalent of Rs. 10/- per equity share to the eligible employees bidding in the employee reservation portion (Employee Discount). The public offer less market maker reservation portion and employee reservation portion i.e. offer of 46,77,600 equity shares of face value of Rs.10/- each, at an offer price of Rs.161/- per equity share for cash, aggregating Rs. 75.31 crores is herein after referred to as the net offer. The public offer and net offer will constitute 26.38 % and 24.77 % respectively of the post-offer paid-up equity share capital of the company. ^A discount of Rs.10 per equity share was offered to eligible employee bidding in the employee reservation portion. |