| Initial public offering of up to [*] equity shares of face value of Rs. 1/- each (The "Equity Shares" of Oravel Stays Limited (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. 8430.00 crores (The "Offer"), comprising a fresh issue of [*] equity shares by the company aggregating up to Rs. 7000.00 crores (The "Fresh Issue") and an offer for sale of up to [*] equity shares aggregating up to Rs. 1430.00 crores comprising an offer for sale of up to [*] equity shares aggregating up to Rs. 1328.53 crores by SVF India Holdings (Cayman) Limited (The "Ppromoter Selling Shareholder"), up to [*] equity shares aggregating up to Rs. 51.62 crores by A1 Holdings Inc., up to [*] equity shares aggregating up to Rs. 23.13 crores by China Lodging Holdings (HK) Limited, and up to [*] equity shares aggregating up to Rs. 26.71 crores by Global IVY Ventures LLP (The "Investor Selling Shareholders" and along with the promoter selling shareholder, the "Selling Shareholders" and such offer for sale of equity shares by the selling shareholders, the "Offer for sale"). The offer shall constitute [*]% of the post-offer paid-up equity share capital of the company.
The offer includes 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 ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Ofer". The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company.
The company may, in consultation with lead managers, consider a further issue by the company of up to [*] equity shares for cash consideration aggregating up to Rs. 1400.00 crores (the "pre-ipo placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by th company in consultation with the lead managers and the pre-ipo placement will be undertaken with the roc. if the pre-ipo placement is undertaken, the amount raised from 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 ("scrr").
The face value of the equity shares is Rs. 1/- each and 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.
|