GVK Power & Infrastructure is reportedly planning to file a draft prospectus for an up to Rs 1,500-crore initial public offer (IPO) of its airport unit soon.
GVK has mandated Citigroup, Bank of America-Merrill Lynch, Axis Capital and JM Financial Services to manage the IPO for unit GVK Airport Developers.
GVK Power & Infrastructure is engaged in infrastructure development in areas of power, airports and roads. Incorporated in 1994, the company till date has invested over Rs 5,000 crore in infrastructure projects.