The eye care chain, Centre For Sight, is the latest Indian group to publish a draft red herring prospectus as it prepares to IPO. It hopes to raise INR 115 crore (around US$ 17 million) by issuing fresh shares and existing shareholders will sell another 2.54 million shares. A million shares worth INR 60 crore (US$ 9 million) may, however, instead be placed ahead of the IPO to undisclosed investors.



