Affordable housing finance company India Shelter Finance has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,800 crore through an initial public offering (IPO).
The IPO comprises a fresh issue of equity shares worth Rs 1,000 crore and an offer for sale (OFS) of Rs 800 crore by investor shareholders, according to the draft red herring prospectus (DRHP) filed on Friday.
Those offering shares in the OFS include Catalyst Trusteeship Ltd, Madison India Opportunities IV, MIO Starrock, Nexus Ventures III Ltd, and Nexus Opportunity Fund II Ltd.
Proceeds of the fresh issue will be used to meet future capital requirements towards onward lending and for general corporate purposes.
India Shelter Finance, which is backed by Westbridge Capital and Nexus Venture Partners, is a retail-focused affordable housing finance company with an extensive distribution network and technology infrastructure.
BLS E-Services
BLS E-Services Ltd has filed draft papers with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO).
The company is a subsidiary of BLS International Services Ltd, which offers visa and consular services.
The IPO comprises a fresh issue of 2.41 crore equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday.
Proceeds of the issue will be used to strengthen technology infrastructure to develop new capabilities and consolidate existing platforms.
