Gujarat State Petroleum Corporation is planning an initial public offering of 10-20 per cent of its equity shares by end of the year to raise about $1 billion (about Rs 4,500 crore).
The company has mandated DSP Merrill Lynch, JM Financial, Kotak, SBI CAP, and Citibank to do the dilution for the IPO, a company official said.
"The IPO was proposed to hit the market in November, but I now think it will happen in December-January," the official said.
