| 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 share premium of Rs.[*] per equity share) (the "offer price") aggregating up to Rs.[*] crores (the "offer") comprising a fresh issue of [*] equity shares of face value of Rs.10/- each by the company aggregating up to Rs.600.00 crores (the "fresh issue") and an offer for sale of up to 40,437,529 equity shares of face value of Rs.10/- each aggregating up to Rs.[*] crores by the selling shareholders and such offer for sale of equity shares by the selling shareholders, the "offer for sale"). The offer includes a reservation of up to [*] equity shares of face value of Rs.10/- each, aggregating 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 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 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.
The company may in consultation with the book running lead managers ("brlms") consider a further issue of specified securities for cash consideration aggregating up to Rs.120.00 crores, prior to filing (the "pre-ipo placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue, i.e., Rs.120.00 crores. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement.
The price band (including employee discount, if any) and the minimum bid lot will be decided by the company. |
