New Delhi, Dec. 12 -- Eastman Auto and Power, an energy transition and power electronics company, on Friday, December 12, announced that it has filed its confidential draft red-herring prospectus (DRHP) with the stock market regulator Sebi for an initial public offering (IPO).

According to a PTI report, the company is looking to raise Rs.1,800-2,000 crore via the maiden share sale, which will be a combination of fresh issue and offer for sale (OFS).

To manage the offering, the company has roped in Axis Capital, JM Financial, and Motilal Oswal, the PTI report added.

Lately, more companies are opting for Sebi's confidential filing route for their IPOs, which allows them to withhold public disclosure of IPO details under the DRHP. This ro...