Paymate India Ltd

Paymate India Ltd

Initial public offering of [*] equity shares bearing face value of Re. 1 each ("Equity Shares") of Paymate India Limited ("Company") for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) ("Offer Price") aggregating up to Rs. 1500.00 crores comprising a fresh issue of [*] equity shares aggregating up to Rs. 1125.00 crores ("Fresh Issue") and an offer for sale of up to [*] equity shares aggregating up to Rs. 375.00 crores, comprising [*] equity shares aggregating up to Rs. 134.73 crores by Ajay Adiseshan, [*] equity shares aggregating up to Rs. 3.29 crores by Vishvanathan Subramanian (Ajay Adiseshan and Vishvanathan Subramanian, together referred to as the "Promoter Selling Shareholders"), [*] equity shares aggregating up to Rs. 127.38 crores by Lightbox Ventures I, [*] equity shares aggregating up to Rs. 15.66 crores by Mayfield Fvci, Ltd., [*] equity shares aggregating up to Rs. 2.74 crores by RSP India Fund. LLC and [*] equity shares aggregating up to Rs. 17.01 crores by Ipo Wealth Holdings Pty ltd (in liquidation and acting through its liquidators, Hamish Alan Mackinnon and Nicholas Giasoumi of Dye & Co. Pty ltd) ("Ipo Wealth Holdings") (Lightbox Ventures I, Mayfield Fvci, Ltd., Rsp India Fund. LLC and Ipo Wealth Holdings, are collectively referred to as the "Investor Selling Shareholders"), [*] equity shares aggregating up to Rs. 1.96 crores by G. Adhiseshann, [*] equity shares aggregating up to Rs. 11.45 crores by Uma Vishvanathan, [*] equity shares aggregating up to Rs. 15.37 crores by Dhruv Pratap Singh, [*] equity shares aggregating up to Rs. 26.56 crores by Probir Kumar Roy, [*] equity shares aggregating up to Rs. 13.27 crores by Alexander Kuruvilla and [*] equity shares aggregating up to Rs. 5.59 crores by Anand Rajaraman (G. Adhiseshann, Uma Vishvanathan, Dhruv Pratap Singh, Probir Kumar Roy, Alexander Kuruvilla and Anand Rajaraman, are collectively referred to as the "Other Selling Shareholders" and together with the promoter selling shareholders and the investor selling shareholders are referred to as the "Selling Shareholders", and such equity shares cumulatively offered by the selling shareholders, the "Offered Shares") ("Offer for Sale", and together with the fresh issue, the "Offer"). The offer includes a reservation of up to [*] equity shares, aggregating up to Rs. [*] crores, for subscription by eligible employees not exceeding 5% of the post-offer paid-up equity share capital (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 shall constitute [*]% and [*]%, respectively, of the fully diluted post-offer paid-up equity share capital of the company. The company may, at its discretion, consider issuing equity shares on a private placement basis for cash consideration aggregating up to Rs. 225.00 crores, (the "pre-ipo placement"). The price of the equity shares allotted pursuant to the pre-ipo placement shall be determined by the company in consultation with the book running lead managers. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (the "scrr"). The face value of the equity shares is Re. 1 each and the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be determined by the company.l