Srei Equipment Finance Ltd. (SEFL), a whollyowned subsidiary of Srei Infrastructure Finance Ltd.(SIFL), is planning to get listed through an initial public offering (IPO) of its equity shares which will result in dilution of up to 25% of the post paid-up equity share capital.
“This is an opportune time [for an IPO],” said Hemant Kanoria, CMD, SIFL. The company hoped to raise about ₹2,000 crore, depending on the valuation, he said.
Mr. Kanoria said the IPO would enable the firm infuse fresh capital into the business. “There is good progress in road, irrigation and mining projects .. our healthcare equipment finance vertical is also giving good business,” he said.
He said the initial public offering was scheduled to happen within six months at the most.
SEFL vice-chairman Sunil Kanoria said the company offered solutions for entire life cycle of the equipment which increased its opportunity to have prolonged customer engagement through equipment loan/lease, deployment, and maintenance solutions and exit solutions.
While the listed parent company SIFL will divest a part of its holding, the balance would be through a fresh capital issue, Mr. Kanoria said.
