Funds raised through the issue will be utilised for working capital requirements, purchase of capital assets and for general corporate purposes, the company said in a statement.
The equity shares will have a face value of Rs 10 each. The issue will be on book-building basis and the price band will be decided later.
Axis Capital, IIFL Holdings and Vivro Financial Services are the book running lead managers to the issue. The equity shares are proposed to be listed on BSE and National Stock Exchange.
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