IndoStart Capital files DRHP with Sebi for an IPO
The company is planning to raise about Rs 2,000 crore.
By ET Bureau |
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IndoStar Capital Finance, a non-banking finance company has filed its draft red herring prospectus (DRHP) with market regulator Sebi, seeking permission for its Initial Public Offering (IPO).
The company, which provides financing services to large and midsized corporates in India, is planning to raise about Rs 2,000 crore.
The IPO comprises a fresh issue of up Rs 700 crore and an offer for sale of up to 2 crore equity shares by the existing shareholders.
The proceeds will be utilised to meet future capital requirement.
The company, which provides financing services to large and midsized corporates in India, is planning to raise about Rs 2,000 crore.
The IPO comprises a fresh issue of up Rs 700 crore and an offer for sale of up to 2 crore equity shares by the existing shareholders.
The proceeds will be utilised to meet future capital requirement.
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