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| Eros plans to raise Rs 350 cr via IPO |
| Press Trust of India / Mumbai Jan 05, 2010, 16:22 IST |
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Media firm Eros International plans to raise Rs 350 crore through an initial public offer (IPO) and has filed a draft prospectus with market regulator Securities and Exchange Board of India (Sebi) for the same.
The company is considering pre-IPO placement of shares worth Rs 20 crore with certain investors, according to the draft red herring prospectus filed with the Sebi.
The equity shares offered through IPO are proposed to be listed on the Bombay and National Stock Exchange.
The Mumbai-based company is promoted by Eros International Plc and Eros Worldwide FZ LLC.
Enam Securities, Kotak Mahindra Capital Company, Morgan Stanley India and RBS Equities India are the book running lead managers for the issue.
The public offer would be based on 100 per cent book building process.
Indian companies are expected to embark on a mega fund raising spree this year with plans to raise over Rs 50,000 crore by way of public offers driven by sharp recovery in the stock market.
About 50 companies have already filed Draft Red-Herring Prospectus (DRHP) with Sebi.
Last year, about Rs 20,000 crore was raised by the Indian companies through IPOs.
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