Seven Seaz Vacations Ltd

Seven Seaz Vacations Ltd

Initial public offer of 8,73,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Seven Seaz Vacations Limited ("Company" or the "Issuer") for cash at a price of Rs. 50/- per equity share including a share premium of Rs. 40/- per equity share (the "Issue Price") aggregating to Rs. 4.37 crores ("The Issue") of which 45,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 50/- per equity share including a share premium of Rs. 40/- per equity share aggregating to Rs. 0.23 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e net issue of 8,28,000 equity shares of face value of Rs. 10/- each at a price of Rs. 50/- per equity share including a share premium of Rs. 40/- per equity share aggregating to Rs. 4.14 crores (the "Net Issue"). The issue and the net issue will constitute 26.56% and 25.19% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 50/- each i.e.,5.0 times of the face value of the equity shares. The minimum lot size is 3000 equity shares