Srei Equipment Finance plans Rs 2,000-crore IPO
Srei Equipment Finance Ltd is planning to raise Rs 1,800-2,000 crore through initial public offering (IPO) of 25 per cent of the company?s shares. The proceeds from the IPO which is expected to be launched in February-March 2018, would be used to fund growth. In the first quarter of the current financial year, Srei Equipment Finance had assets worth Rs 23,453 crore on its books, a growth of 20.38 per cent over the same quarter of the previous year. The company is aiming to double this asset in the next three years.