New Delhi, March 29 -- SIS Cash Service Limited, on March 29, said that it has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to mop up funds through an initial public offering (IPO).

The IPO, with a face value of Rs.10 per equity share, comprises a fresh issue of up to Rs.100 crore and an offer for sale of up to 3,715,150 shares by the Promoter Selling Shareholders.

The offer for sale includes 1,795,346 equity shares from SIS Limited and 1,919,804 equity shares from SMC Integrated Facility Management Solutions Limited.

The offer is being conducted through the book-building process, with at least 75% allocated proportionally to qualified institutional buyers, up to ...