New Delhi, March 12 -- Kolkata-based Crizac Limited has received final approval from markets regulator Securities and Exchange Board of India (SEBI) to raise Rs.1,000 crore through initial public offering (IPO).

The company had refiled its IPO documents to SEBI on November 18, 2024.

The IPO, with a face value of Rs.2 per equity share, is entirely an offer for sale amounting to Rs.1,000 crore by the promoter selling shareholders.

As part of the offer for sale, Pinky Agarwal is selling equity shares worth up to Rs.841 crore, while Manish Agarwal is offering shares worth up to Rs.159 crore. Additionally, a portion of the offer is reserved for eligible employee subscriptions.

The offer is being conducted through the book-building process,...