Asirvad Microfinance Ltd - IPO

Asirvad Microfinance Ltd IPO Details

Initial public offer of up to [*] equity shares of face value of Rs. 10 each (Equity Shares) of Asirvad Micro Finance Limited (Company) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (Issue Price) aggregating up to Rs. 1500.00 crores (Fresh Issue or the Issue).The company in consultation with the brlms, may consider a further issue of specified securities as may be permitted under applicable law to any person(s) for a cash consideration aggregating up to Rs. 300.00 crores, at its discretion, prior to the roc (preipo placement). 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 issue complying with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (scrr).The face value of equity shares is Rs. 10 each. The issue price is [*] times the face value of the equity shares. The price band and the minimum bid lot shall be decided by the company.

Objective of issue

Listing of the Equity Shares on the Stock Exchanges.

Asirvad Microfinance Ltd Contact Details

Asirvad Microfinance Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - csmuralidharan@asirvad.org