Initial public offering of up to [*] equity shares of face value of Rs. 10 each ("equity shares") of Arohan Financial Services Limited (The "company" or the "company" or the "issuer") for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (the "offer price") aggregating to up to Rs. [*] Crores (the "offer") comprising a fresh issue of [*] equity shares by the company aggregating to up to Rs. 850 Crores (the "fresh issue") and an offer for sale of up to 27,055,893 equity shares aggregating to up to Rs. [*] Crores comprising an offer for sale of up to 1,925,158 equity shares by Maj Invest Financial Inclusion Fund II K/S, up to 2,191,557 equity shares by Michael & Susan Dell Foundation, up to 9,302,853 equity shares by Tano India Private Equity Fund II, up to 1,214,840 equity shares by Tr Capital III Mauritius and up to 12,421,484 equity shares by Aavishkaar Goodwell India Microfinance Development Company II Ltd (collectively referred to as the "selling shareholders" and each, individually, as a "selling shareholder" and such offer for sale of equity share by the selling shareholders, the "offer for sale"). The offer includes a reservation of up to [*] equity shares, aggregating to up to Rs. [*] Crores, for subscription by eligible employees not exceeding 5% of The post-offer paid-up equity share capital (the "employee reservation portion"). The offer less the employee reservation portion is hereinafter referred to as the "net offer". The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company.
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