RSB Retail to file DRHP with Sebi for Rs 1,500 crore IPO soon

RSB Retail India, formerly RS Brothers Retail India, a multi-brand retail chain with a strong presence in South India, is set to file its draft red herring prospectus (DRHP) with market regulator Sebi soon to raise around ₹1,500 crore through an initial public offering (IPO), said people familiar with the matter.

The issue is expected to be acombination of a fresh share sale and an offer for sale (OFS) by promoters and existing investors, according to sources. Motilal Oswal Investment Advisors, IIFL Capital Services Ltd and HDFC Bank are the book-running lead managers (BRLMs) to the IPO.