 "IPO")
Non-banking financial company Five Star Business Finance has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 2,752 crore through an initial public offering (IPO).
The IPO is an entirely an offer for sale (OFS) by existing shareholders and promoter group entities, according to the draft red herring prospectus (DRHP).
The NBFC is backed investors like TPG, Matrix Partners, Norwest Ventures, Sequoia and KKR.
The OFS will see sale of shares to the tune of Rs 257.10 crore by SCI Investments V, Rs 568.92 crore by Matrix Partners India Investment Holdings II LLC, Rs 9.56 crore by Matrix Partners
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