IFCI Factors files DRHP with SEBI

IFCI Factors, a part of the IFCI group, TEMPhas filed a draft red herring prospectus (DRHP) with SEBI for an initial public offering (IPO) on July 28, 2011. 

The company proposes to make a public issue of 39,086,628 equity shares of Rs 10 each for cash at a price to be discovered through a 100% book-building process. The issue will constitute 33% of the post-issue paid-up share capital of the company. The book-running lead manager to the issue is Enam Securities Private Limited.  

The equity shares of the company are proposed to be listed on the BSE and the National Stock Exchange of India Limited (NSE) subject to receipt of necessary approvals.