IPO & Listing

R Systems has made public offer of 4,408,355 equity shares of Rs. 10 each for cash at a price of Rs. 250/- per equity share aggregating Rs. 1,102.09 million, comprising a fresh issue of 2,825,000 equity shares of Rs. 10 each and an offer for sale of an aggregate of 1,583,355 equity shares of Rs. 10 each by the selling shareholders (the fresh issue and the offer for sale are jointly referred to herein as the “Offer”). The Offer comprises of a reservation for employees of 440,355 equity shares of Rs. 10 each and a net offer to the public of 3,968,000 equity shares of Rs. 10 each (the “net offer”). The Offer would constitute 32.57% of the fully diluted post offer paid-up capital of our company. The public issue, which opened for subscription on March 28, 2006, was oversubscribed by 3.62 times. The shares of the Company are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange, Mumbai (BSE) beginning April 26, 2006.