Greaves Electric Mobility Ltd

Greaves Electric Mobility Ltd

Initial public offering of up to [*] equity shares of face value of Re. 1 each ("Equity Shares") of greaves electric mobility limited (The "Company" or The "Company" or The "Issuer") for cash at a price of Rs. [*] per equity share (Including a Premium of Rs. [*] per Equity Share) (The "Offer Price") aggregating up to Rs. [*] crores (The "Offer") comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 1000 crores by the company (The "Fresh Issue") and an offer for sale of up to 189,398,200 equity shares aggregating up to Rs. [*] crores (The "Offer for Sale"), comprising up to 51,000,000 equity shares aggregating up to Rs. [*] crores by Greaves Cotton Limited (The "Promoter Selling Shareholder") and up to 138,398,200 equity shares aggregating up to Rs. [*] crores by Abdul Latif Jameel Green Mobility Solutions DMCC ("Investor Selling Shareholder" and Together with the Promoter Selling Shareholder, investor selling shareholder is referred to as the "Selling Shareholders", and such equity shares cumulatively offered by the selling shareholders, the "Offered Shares"). This offer includes a reservation of up to [*] equity shares of face value of Re. 1 each, aggregating up to Rs. [*] crores (Constituting up to [*]% of the Post-Offer Paid-Up Equity Share Capital), for subscription by eligible employees (As Defined Hereinafter) ("Employee Reservation Portion") and a reservation of up to [*] equity shares of face value of Re. 1 each, aggregating up to Rs. [*] crores (Constituting up to [*]% of the Post-Offer Paid-Up Equity Share Capital) for subscription by eligible GCL Shareholders ("GCL Shareholders Reservation Portion"). The offer less the employee reservation portion and the GCL shareholders reservation portion is hereinafter referred to as the "Net Offer". The company in consultation with the brlms, may offer a discount of up to [*]% 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 [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. The company, in consultation with the brlms, may consider a pre-ipo placement, aggregating up to Rs.200 crores, prior to the filing of 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 "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) shall be appropriately made in the relevant sections. The face value of the equity shares is Re. 1 each and the offer price is [*] times the face value of the equity shares. The price band (Including Employee Discount, if Any) and the minimum bid lot will be decided by the company.