| Initial public offer of up to 51,72,000 equity shares of face value of Rs. 10.00 each of IMS Mercantiles Limited ("IMS" or The "Company" or The "Offerer") for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share (The "Offer Price") aggregating to Rs. [*] crores ("The Offer"), comprising a fresh offer of up to 38,78,400 equity shares of face value of Rs. 10.00 each aggregating up to Rs. [*] crores by the company ("Fresh Offer") and an offer for sale of up to 12,93,600 equity shares ("Offered Shares") of face value of Rs. 10.00 each aggregating up to Rs. [*] crores by Mr. Amit Kumar Saraff, Mr. Deepak Saraf, Mr. Ankit Saraf, Ms. Shalu Saraf, Ms. Preeti Saraf, Ms. Simmi Saraf, Ms. Savita Bansal and Mr. Suresh Kumar Bansal ("Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, "Offer for Sale"). Out of the isssue up to 2,59,200 equity shares aggregating to Rs. [*] crores will be reserved for subscription by market maker to the offer (The "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. net offer of up to 49,12,800 equity shares of face value of Rs. 10.00 each at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] crores is herein after referred to as the "Net Offer". The offer and the net offer will constitute [*] % and [*] %, respectively, of the post offer paid up equity share capital of the company.
The price band and the minimum bid lot will be decided by the company.
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