Eastman Auto and Power files confidential DRHP with Sebi for upcoming IPO

Eastman Auto and Power, an energy transition and power electronics company, 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 ₹1,800-2,000 crore via the maiden share sale, which will be a combination of fresh issue and offer for sale (OFS).