Hope to come with SREI Equipment Finance IPO in next six-eight months: SREI Infra

SREI Equipment Finance going to come up with an initial public offering (IPO). In an interview to CNBC-TV18, Sunil Kanoria, Vice Chairman of SREI Infrastructure Finance spoke about the latest happenings in his company and sector.

SREI Infra holds 100 percent of SREI Equipment Finance. We are planning to list SREI Equipment Finance and the intent is to dilute up to 25 percent of capital via IPO. The management is working with the bankers and the potential investors in terms of valuations, he said.

The net worth of SREI Equipment Finance is about Rs 2,700 crore. We hope that in the next six-eight months, we should be able to come with the issue, he added.

In the last one year we have started to see the momentum coming in and the pickup happening, we expect this momentum to continue with the kind of work this government has done in the last three years, said Kanoria.