Manappuram Finance arm Asirvad Micro Finance files draft papers for Rs 1,500 crore-IPO
The company, in consultation with the lead bankers to the issue, may consider a pre-IPO placement of up to Rs 300 crore and if such fundraising is undertaken, the fresh issue size will be reduced. As per the DRHP, the net proceeds from the fresh issue will be used to augment the capital base of the company to meet future business requirements and plan to be deployed in FY24.
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