IndiaFirst Life Insurance Company Ltd

IndiaFirst Life Insurance Company Ltd

Initial public offer of up to [*] equity shares of face value of Rs. 10 each ("Equity Shares") of Indiafirst Life Insurance Company Limited ("Company" or "Issuer") for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) aggregating up to Rs. [*] crores (the "Offer"), comprising a fresh issue of up to [*] equity shares aggregating up to Rs. 500.00 crores by the company (Fresh Issue") and an offer for sale of up to 141,299,422 equity shares aggregating up to Rs. [*] crores ("Offer for Sale") by the selling shareholders (as defined below), comprising up to 89,015,734 equity shares aggregating up to Rs. [*] crores by Bank of Baroda and up to 39,227,273 equity shares aggregating up to Rs. [*] crores by Carmel Point Investments India Private Limited (Bank of Baroda and Carmel Point Investments India Private Limited, collectively referred to as "Promoter Selling Shareholders") and up to 13,056,415 equity shares aggregating up to Rs. [*] crores by Union Bank of India ("Other Selling Shareholder", and together with the promoter selling shareholders, "Selling Shareholders" and such equity shares offered by the selling shareholders, the "Offered Shares"). This offer may include a reservation of up to [*] equity shares aggregating up to Rs. [*] crores (constituting up to [*]% of the post-offer paid-up equity share capital) for subscription by eligible employees (the "Employee Reservation Portion") and a reservation of up to [*] equity shares aggregating up to Rs. [*] crores (constituting up to [*]% of the post-offer paid-up equity share capital) for subscription by eligible bob shareholders ("Shareholder Reservation Portion"). The offer less the employee reservation portion and the shareholder reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute [*]% and [*]% of the post-offer paid-up equity share capital, respectively. The company may, in consultation with the book running lead managers, consider a pre-ipo placement of equity shares by way of a private placement, preferential allotment, rights issue or such other method as may be permitted under applicable law, of such number of equity shares for cash consideration aggregating up to Rs. 100.00 crores, with 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 book running lead managers. if the pre-ipo placement is undertaken, the minimum offer size (comprising the fresh issue so reduced by the amount raised from the pre-ipo placement, and the offer for sale) shall constitute at least [*]% of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10 each. The price band and the minimum bid lot shall be decided by the company. b