Initial public offering of [*] equity shares of face value of Rs.10/- each ("equity shares") of Svatantra Microfin Limited ("the company" or "the company") for cash at a price of Rs.[*] per equity share (including a premium of Rs.[*] per equity share) ("offer price") aggregating up to Rs.3000.00 crores, comprising a fresh issue of [*] equity shares of face value of Rs.10/- each aggregating up to Rs. 1500.00 crores by the company ("fresh issue") and an offer for sale of [*] equity shares of face value of Rs.10/- each aggregating up to Rs.1500.00 crores, consisting of [*] equity shares of face value of Rs.10/- each aggregating up to Rs.230.00 crores by Multiples Private Equity Fund III, [*] equity shares of face value of Rs.10/- each aggregating up to Rs.99.2 crores by Multiples Private Equity Fund IV, [*] equity shares of face value of Rs.10/- each aggregating up to Rs.106.00 crores by Multiples Private Equity Gift Fund IV and [*] equity shares of face value of Rs.10/- each aggregating up to Rs.1064.8 crores by Violicina Limited (collectively, the "selling shareholders", such equity shares so offered by the selling shareholders, the "offered shares", and such offer for sale by the selling shareholders, the "offer for sale", and together with the fresh issue, the "offer").
The company, in consultation with the brlms, may consider a further issue of specified securities, aggregating up to Rs. 300.00 crores, as may be permitted under applicable law, at its discretion, prior to filing of the roc ("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. 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, that there is no guarantee that the company may proceed with the offer, or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken).
The offer includes a reservation of [*] equity shares of face value of Rs.10/- each, 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 company, in consultation with the brlms, may offer a discount of up to [*]% of the offer price to eligible employees bidding in the employee reservation portion ("employee discount"), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the "net offer". The offer and the net offer shall constitute [*]% and [*]% of the post-offer paid-up equity share capital of the company, respectively. The face value of equity shares is Rs.10/- each. 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.