through an initial stake sale of shares. The firm intends to use the proceeds to pare debt and for its general capital expenditure needs, amongst others.

The initial public offering (IPO) would be through an issuance of fresh shares of Rs 1,250 crore and an offer for sale (OFS) of up to Rs 5,750 crore by Goswami Infratech, an SP Group firm, according to the draft red herring prospectus (DRHP) filed with Sebi.

Ahead of the IPO, the firm intends to raise about Rs 250 crore through a preferential issue or other methods. If such a placement is completed, the size of the fresh issue will be reduced to such extent, it added.

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