 "IPO")
Non-banking finance company SBFC Finance has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 1,600 crore, through an initial public offering (IPO).
The IPO comprises a fresh issue of equity shares aggregating to up to Rs 750 crore and an offer-for-sale (OFS) component aggregating up to Rs 850 crore by promoter selling shareholders, according to the Draft Red Herring Prospectus (DRHP).
The OFS will see the sale of shares to the tune of Rs 398.19 crore by Arpwood Partners Investment Advisors LLP, Rs 275 crore by SBFC Holdings, Rs 97.72 crore by Arpwood Capital and Rs 79.08
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