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April 13, 2018 02:48 PM | Market

Srei Equipment Finance's IPO likely in Q1, funds to be used for biz growth

Srei Equipment Finance's (SEFL) IPO is likely to conclude in next two to three months. The commercial equipment (CE) subsidiary of Srei Infrastructure has filed for an IPO and Srei intends to hold 75% after SEFL’s listing.

Hemant Kanoria, CMD, SREI Infra said the target is to conclude the IPO in the first quarter.

The DRHP is for both primary and secondary issue, he said. The capital infused would go into growing the business further and not pare debt, he said.

 
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