SK Finance has received the Securities and Exchange Board of India’s (SEBI's) approval to float an initial public offering (IPO). The company’s proposed IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an offer-for-sale (OFS) of up to Rs 1,700 crore by promoters and investor shareholders.
The company proposes to utilise the net proceeds from the fresh issue towards augmenting the capital base to meet future business requirements of the company towards onward lending and general corporate purposes. Kotak Mahindra Capital Company, Jefferies India, Motilal Oswal Investment Advisors and Nomura Financial Advisory and Securities (India) are the book running lead managers to the issue. The equity shares are proposed to be listed on the BSE and NSE.
SK Finance is a non-banking finance company (NBFC), which is into vehicle financing and the MSME financing segments.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 924.40 |
| Shriram Finance | 1027.15 |
| Aditya Birla Capital | 341.80 |
| Chola Invest & Fin. | 1581.50 |
| Tata Capital | 326.65 |
| View more.. | |
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