The company has filed its Draft Red Herring Prospectus (DRHP) with market regulator Sebi.
Under the initial public offer, there would be a fresh issue of shares worth up to Rs 250 crore. Besides, an offer for sale of more than 68.14 lakh shares would be made by Kailash Sahebrao Katkar, Sanjay Sahebrao Katkar, Sequoia Capital India Investment Holdings III and Sequoia Capital India Investments III.
Kailash Sahebrao Katkar, Sanjay Sahebrao Katkar, Anupama Katkar and Chhaya Katkar are promoters of the company.
ICICI Securities, Jefferies India and J P Morgan India are the book running lead managers to the issue.
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