Lodha Developers Limited intends to file draft prospectus with markets regulator SEBI to launch its IPO to raise about INR 55 billion. The company will use the proceeds for mainly repaying its debt, sources said. A Lodha spokesperson declined to comment on the IPO plan. "We are aiming for listing in calendar year 2018 and shall approach Sebi in the next 6-9 months," he had said, but refused to share the amount the company wanted to raise. According to sources, the company is looking to raise about INR 55 billion through its IPO, including pre-placement of shares.