Asirvad Micro Finance, a subsidiary of Manappuram Finance, has filed its Draft Red Herring Prospectus (DRHP) with capital market regulator Sebi to raise funds for its initial public offering (IPO). The IPO has a face value of Rs 10 per share and is a fresh issue of equity shares up to Rs 1500 crore with no offer for sale (OFS) component.
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