Loot to file papers for Rs 100-cr IPO by next fiscal

Discount retailer of branded apparels, The Loot, plans to file draft red herring prospectus by March 31 for its initial public offer through which it hopes to raise Rs 75-100 crore, managing director Jay Gupta said on Friday. "If everything goes fine, we will file draft red herring prospectus by March 31 for raising funds for our expansion and upgrading warehouse and processing units."