Firstmeridian Business Services Ltd - IPO

Firstmeridian Business Services Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs. 10 each (Equity) of Firstmeridian Business Services Limited (The Company or the Issuer) for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share (the Offer Price) aggregating up to Rs. 740.00 crores (the Offer). The offer comprises of a fresh issue of up to [*] equity shares by the company aggregating up to Rs. 50.00 crores (the Fresh Issue) and an offer for sale of up to [*] equity shares (the Offered Shares) aggregating up to Rs. 690.00 crores (the Offer for Sale), comprising offers for sale of (a) up to [*] equity shares aggregating up to Rs. 615.00 crores by Manpower Solutions Limited (the Promoter Selling Shareholder), (b) up to [*] equity shares aggregating up to Rs. 42.50 crores by New Lane Trading llp, and (c) up to [*] equity shares aggregating up to Rs. 32.50 crores by Seedthree Trading llp (the Other Selling Shareholders and together with the promoter selling shareholder, the Selling Shareholders ) (the Offer for Sale, and together with the fresh issue, the Offer). The offer will constitute [*]% of the post-offer paid-up equity share capital of the company. The face value of the equity share is Rs. 10 each. The offer price is [*] times the face value of the equity shares.The price band and the minimum bid size will be decided by the company.

Objective of issue

Repayment and/ or prepayment of all or certain portion of outstanding borrowing (including accrued interest) availed by one of its subsidiary, namely Innovosource Services Pvt Ltd. General corporate purposes.

Firstmeridian Business Services Ltd Contact Details

Firstmeridian Business Services Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investors@firstmeridian.com

Website - www.firstmeridian.com