Silver Consumer Electricals Limited has filed its Draft Red Herring Prospectus for an Initial Public Offering (IPO). The IPO includes a fresh issue of shares and an offer for sale by a promoter.

The total offer size is up to ₹1,400 Cr, comprising a fresh issue of up to ₹1,000 Cr and an offer for sale of up to ₹400 Cr.

The company might consider a pre-IPO placement of up to ₹200 Cr, which would reduce the fresh issue size.

The IPO aims to list shares on BSE and NSE.

Investors should review risk factors as all investments carry inherent risks; SEBI has not approved or endorsed these shares.