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IFCI Factors today filed the draft prospectus with market regulator SEBI for an initial share sale which could garner about Rs 1,000 crore.
IFCI Factors, an arm of leading financial institution IFCI, is expecting to mop up between Rs 750 crore and Rs 1,000 crore through the offering, according to market sources.
The issue comprises 39,086,628 equity shares of Rs 10 each for cash at price to be discovered through a book building process. The issue will constitute 33 per cent of the post issue paid up share capital of the company.
Enam Securities is the sole book running lead manager to the issue. The equity shares offered in the issue are proposed to be listed on the NSE and BSE.
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