| Initial public offering of up to [*] equity shares of face value of Rs. 10 each ("Equity Shares") of Belstar Microfinance 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) ("Offer Price") aggregating up to
Rs. 1300.00 crores (the "Offer") comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 1000.00 crores by the company (the "Fresh Issue") and an offer for sale of up to [*] equity shares aggregating up to Rs. 300.00 crores by the selling shareholders consisting of up to [*] equity shares aggregating up to Rs. 175.00 crores by Maj Invest Financial Inclusion Fund ii k/s, up to [*] equity shares aggregating up to Rs. 97.00 crores by Arum Holdings Limited and up to [*] equity shares aggregating up to Rs. 28.00 crores by Augusta Investments Zero Pte Ltd (the "Offer for Sale"). The offer and the net offer would constitute [*]% and [*]%, respectively of its post-offer paid-up equity.
This offer includes a reservation of up to [*] equity shares, aggregating up to Rs. [*] crores (constituting up to [*]% of the post-offer paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The company in consultation with the brlms, may offer a discount of up to Rs. [*] to the offer price (equivalent of Rs. [*] per equity share) to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer and the net offer shall constitute at least [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company.
The company in consultation with the brlms, may consider undertaking a pre-ipo placement, at its discretion of such number of securities for a cash consideration aggregating up to Rs. 200.00 crores between the date of this with the roc ("pre-ipo placement") subject to appropriate approvals. If the pre-ipo placement is undertaken, the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to the offer complying with the minimum offer size requirements prescribed under rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended ("scrr"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company in consultation with the brlms.
The offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.
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