| Initial public offer of up to 57,95,200 equity shares of face value Rs. 10 each (the "Equity Shares") of Esprit Stones Limited ("The Company" or the "Issuer") for cash at a price of Rs. 87 per equity share (including a securities premium of Rs. 77 per equity share) ("Issue Price"), aggregating to Rs. 50.35 crores (the "Issue") of which 2,91,200 equity shares aggregating to Rs. 2.53 crores (constituting 1.33% of the post-issue paid-up equity share capital of the company) were reserved for subscription by market maker ("Market Maker Reservation Portion") and up to 1,28,000 equity shares aggregating to Rs. 1.05 crores (constituting up to 0.58% of the post-issue paid-up equity share capital of the company) was reserved for subscription by eligible employees (the "Employee Reservation Portion"). The company, in consultation with the book running lead managers, offered a discount of up to 5.75% (equivalent of Rs. 5 per equity share) to the issue price to eligible employees bidding under the employee reservation portion ("Employee Discount"). The issue less the market maker reservation portion and employee reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue constituted 26.41 % and 24.50 % respectively of the post-issue paid-up equity share capital of the company.
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