CGT19003: Anil Kumar Nayak

CGT19004: Animesh Kumar Singh

Team Members
CGT19005: Ankit Bansal
CGT19009: Bhavani Shankar
S No Parameter Zencap Blackgem Preferred
Valuation of Company
1 12 X 16 X Blackgem
(Audited FY10 PAT)
2 Amount of Offering 44 Cr 150 Cr Blackgem
3 Equity investor 8% 25% Zencap
Min - Max Post money
4 340 - 440 Cr 600 Cr Blackgem
valuation
5 Price per share 3000
Common Equity share -
6 Type of equity 11 Cr, Warrants - 11 Cr, Series A preferred Zencap
CCPS - 22 Cr
Min - Max Post money
7 296 - 396 Cr
valuation
8 Equity Emp/friend 10%
Number of securities to
9 2,04,545 500000 Zencap
investor
10 Dividends Not specified 8%, Non-cumulative Zencap
Original Price +
11 Case of Liquidation No Clear Specification Zencap
Dividend Accrued
Qualified IPO - Not later
Redeem @ Purchase
than 4 years (2014)
12 Provision for Exit price + dividends + 4% Blackgem
IRR > 15%
pa March 31 2015
gross proceeds > 150 Cr
If delayed, purchase
Sell to any 3rd party after
13 Provision for Exit price + dividend + 10% Blackgem
5 years (2015)
pa
Number of board directors
14 1 2 Zencap
that can be nominated
Investment Director in
15 Yes No Blackgem
subcommittees
16 Number of Board Members 7 5 Blackgem
17 D&O Insurance Required Required
Upto 15%
Fund usage in case of change
18 Prior Information to be No Blackgem
in business plan
given
Amenment of Memorandum
19 Yes Yes
of association
20 Raising share capital Yes Yes
 Yes Yes
21 Purchase/redeem/pay dividend Zencap
if >25% of Face value No value attached
Provision for Creation or
22 Yes Yes
modifucation of ESOP Plan
First Provision for Additional Yes
23 Yes (if > 10Cr) Zencap
Debt No value attached
24 Prior IPO Finalization Yes No Blackgem
Consultation of investors
25 Appointent of CFO No Blackgem
required