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The Economic Times
The Economic Times
Business

Advent-backed Svatantra Microfin files for $315 million IPO

Advent IPO Multiples Advent International

Indian non-banking lender Svatantra Microfin has filed for ​an initial public offering ​worth 30 billion rupees ($314.33 million), according to draft ​papers filed late on Thursday.

The filing comes as India's primary market sees a rebound after a lacklustre first half of the year, with ‌the Middle East ⁠conflict ⁠and a spike in crude oil prices weighing on sentiment.

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