IPO

Veritas Finance Ltd

Registered Office : SKCL Central Square 1, South a,,CHENNAI Tamil Nadu 600032 Phone : +91 044 4615 0011
Fax :

Email : cs@veritasfin.in

Website : www.veritasfin.in

Initial public offering of up to [*] equity shares of face value of Rs. 10/- each ("equity shares") of Veritas Finance Limited ("the company" or "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. [*] crores comprising a fresh issue of up to [*] equity shares of face value of Rs. 10/- each aggregating up to Rs. 900.00 crores by the company ("fresh issue") and an offer for sale of up to 12,827,093 equity shares of face value of Rs.10/- each aggregating up to Rs.[*] crores ("offered shares") by the selling shareholders, consisting of up to 6,454,366 equity shares of face value of Rs.10/- each aggregating up to Rs.[*] crores by Lok Capital Growth Fund, up to 3,700,000 equity shares of face value of Rs.10/- each aggregating up to Rs.[*] crores by British International Investment Plc, up to 672,727 equity shares of face value of Rs.10/- each aggregating up to Rs.[*] crores by Growth Catalyst Partners LLC, (collectively the "investor selling shareholders") up to 1,500,000 equity shares of face value of Rs.10/- each aggregating up to Rs.[*] crores by D. Arulmany, and up to 500,000 equity shares of face value of Rs.10/- each aggregating up to Rs.[*] crores by Vidya Arulmany (collectively the "individual selling shareholders" and along with the investor selling shareholders as the "selling shareholders") ("offer for sale", and together with the fresh issue, the "offer"). The company, in consultation with the brlms, may consider a pre-ipo placement of specified securities aggregating upto Rs. 180.00 crores, as may be permitted under applicable law, 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 securities contracts (Regulation) Rules, 1957, as amended. 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. The company shall report any pre-ipo placement to the stock exchanges, within 24 hthes of such pre-ipo placement (in part or in entirety). Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). The offer includes a reservation of up to [*] 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,employee discountand the minimum bid lot will be decided by the company.