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Our Bureau

Mumbai , May 10

Investment banking and corporate finance outfit Transwarranty Capital Pvt Ltd is planning to come out with an initial public offering for raising about Rs 30 crore to fund its expansion plans that include setting up six regional offices in the country.

The Mumbai-based company is also planning an international foray by starting operations in Dubai, its Managing Director, Mr Kumar Nair, said.

Regional offices

Transwarranty Capital, which is a second-tier full-service investment bank, plans to open its regional offices in Delhi, Kolkata, Ahmedabad, Chennai, Hyderabad and Bangalore. "We are hopeful of filing the draft prospectus (for the IPO) with Sebi next week," he said.

On the proposed international operations, Mr Nair said the company was in the process of starting its office in Dubai, which will be a member of the Dubai Gold and Commodity Exchange.

After the Dubai operations get settled, Transwarranty Capital plans to open offices in London and Singapore.

Headcount

Transwarranty Capital, which assists companies in partner search, M&As and structured finance, currently has about 150 employees.

The staff strength will be doubled to 300 people by this year-end.

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