Repco Home Finance Ltd, a housing finance company promoted by The Repatriates Co-operative Finance and Development Bank Ltd (Repco Bank Ltd) is planning to raise around Rs 200 crore through an initial public offering (IPO).
The housing finance company has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an IPO. Repco Home, a Government of India enterprise, said it will issue 15.72 million equity shares of face value of Rs 10 each equity shares for cash, at a price to be decided through the book-building process.
The issue includes a reservation of 180,000 shares for eligible employees.
The issue shall constitute 25.29 per cent of the post-issue paid-up capital of the company. The net issue shall constitute 25 per cent of the post-issue paid-up capital of the company.
The company may, in consultation with the Book Running Lead Managers (BRLM), allocate up to 30 per cent of the QIB portion to anchor investors at the anchor investor allocation price, on a discretionary basis of which at least one-third shall be reserved for allocation to domestic mutual funds only.
Such number of equity shares representing 5 per cent of the net QIB portion shall be available for allocation on a proportionate basis to mutual funds only.
