| Initial public offering of up to 23,500,000 equity shares of face value of Rs.2 each ("Equity Shares") of Dev Accelerator Limited ("Company" or "Issuer") for cash at a price of Rs. 61# per equity share (including a share premium of Rs.59 per equity share) ("Issue Price") aggregating up to Rs.143.35 crores
("issue") comprising a fresh issue of up to 23,500,000 equity shares by the company aggregating up to Rs.143.35 crores ( "fresh issue").
This issue includes a reservation of up to 164,500 equity shares of face value of Rs.2 each aggregating to Rs. 1.00 crores (constituting [*]% of the post-issue paid-up equity share capital of the company) for subscription by eligible employees (the "employee reservation portion") and a reservation of up to 329,000 equity shares of face value of Rs.2 each, aggregating to Rs.2.01 crores (constituting up to [*]% of the post- issue paid-up equity share capital of the company of the issue) for subscription by eligible shareholders ("shareholders' reservation portion"). The issue less the employee reservation portion and the shareholders' reservation portion is hereinafter referred to as "net issue". The issue and the net issue would constitute [*]% and [*]%, respectively, of its post-issue paid-up equity share capital.
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