| Initial public offer of up to [*] equity shares of face value of Rs. 5 each ("Equity Shares") of Avanse Financial Services Limited (the "Company") for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) ("Offer Price") aggregating up to Rs. 3500.00 crores comprising of a fresh issue of up to [*] equity shares aggregating up to Rs. 1000.00 crores by the company ("Fresh Issue") and an offer for sale of up to [*] equity shares aggregating up to Rs. 2500.00 crores ("Offered Shares") by the selling shareholders (defined below), consisting of up to [*] equity shares aggregating up to Rs. 1758.00 crores by the promoter selling shareholder, up to [*] equity shares aggregating up to Rs. 342.00 crores by International Finance Corporation ("IFC") and up to [*] equity shares aggregating up to Rs. 400.00 crores by Kedaara Capital Growth Fund iii llp ("Kedaara Capital", together with ifc, the "Investor Selling Shareholders") (the promoter selling shareholder, along with the investor selling shareholders, collectively referred to as the "Selling Shareholders") ("Offer for Sale", and together with the fresh issue, the "Offer").
The face value of equity shares is Rs. 5 each. The offer price is [*] times the face value of the equity shares.
The price band shall be decided by the company.
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