AU Financers IPO gets SEBI approval - Indian IPO Blog

Monday, March 27, 2017

AU Financers IPO gets SEBI approval

AU Financers gets SEBI approval for its IPO. Jaipur-based small finance bank licence holder Au Financiers gets Securities and Exchange Board of India, or Sebi’s approval to launch an initial public offer (IPO), according to sources. The company will launch the IPO, which will be pure offer for sale in the next quarter.

According to draft red herring prospect (DRHP) as shown on Sebi’s website, existing shareholders of the company will sell 53.4 million shares through offer for sale.

The company has reduced its foreign holding recently to 49% after Kedaara Capital, ChyrsCapital Investment Advisors India Pvt Ltd, International Finance Corporation and Warburg Pincus partly exited the company, while Motilal Oswal Private Equity made a complete exit. ICICI Securities, HDFC Bank, Motilal Oswal Investment Advisors and Citibank are merchant bankers for the IPO.

No comments:

Post a Comment