Srei Equipment Finance, a subsidiary of Srei Infrastructure Finance, has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float its initial public offering (IPO).
The public offer will comprise a fresh issue of Rs 1,100 crore, while Srei Infrastructure Finance will offer 4.4 million shares in an offer for sale.
The company provides loans for the purchase of equipment for construction and mining, IT infra, healthcare and farm.