Non-banking finance company SBFC Finance Ltd 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 Pte Ltd, Rs 97.72 crore by Arpwood Capital Pvt Ltd and Rs 79.08 crore by Eight45 Services LLP.