Lanco Infratech, an infrastructure company involved in power generation, construction and property development, has filed its draft red herring prospectus (DRHP) with Securities & Exchange Board of India (Sebi) for the proposed initial public offering (IPO).According to a release issued today, the company is planning to offer 4,44,72,381 equity shares of Rs 10 each for cash at a premium to be decided through the 100% book-build process to be conducted on the Mumbai and National stock exchanges. The issue would constitute 20% of the fully diluted post issue equity capital.Lanco is planning to reserve 5,00,000 equity shares for allotment to eligible employees of the company. Thus, the net offer to public would be of 4,39,72,381 equity shares."The company, in its DRHP, has indicated that it is considering private placement of equity shares. In the event of a successful private placement of equity shares, the net offer to public would stand reduced," the release added.The Book Running Lead Managers to issue include JM Morgan Stanley Limited, Enam Financial Consultants Pvt Ltd, ICICI Securities Ltd and Kotak Mahindra Capital Company.
