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Au Financiers gets SEBI’s approval to launch IPO

Au Financiers gets SEBI’s approval to launch IPO

Monday, March 27, 2017, 11:22 AM

Jaipur-based small finance bank licence holder Au Financiers gets SEBI’s approval to launch an initial public offer (IPO). The company will launch the IPO, which will be pure offer for sale in the next quarter. According to draft red herring prospect (DRHP), as shown on SEBI’s website, existing shareholders of the company will sell 53.4 million shares through offer for sale.
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