Hinduja Leyland Finance's proposed IPO size expected to be Rs 10-15 bn

The company had dropped its IPO plans worth Rs 5-7 billion in 2016 due to demonetisation

The proposed IPO of Hinduja Leyland Finance, a non-banking finance company (NBFC), is expected to be around Rs 10-15 billion. The company plans to go public this year, said senior officials from Ashok Leyland.

“It (the IPO) will also help discover pricing for us,” said the official from Ashok Leyland, which owns major chunk of Hinduja Leyland Finance.

Addressing the shareholders on Tuesday, Dheeraj Hinduja, chairman, Ashok Leyand said that the future for Hinduja Leyland Finance is bright and the company is planning an IPO this year.

The objective of increasing the shareholding in the finance arm from 57 per