New Delhi, April 9 -- Mumbai: Nuvama-backed Ozone Overseas, which makes architectural hardware fittings, plans to raise Rs.1,000-1,500 crore through an initial public offering (IPO), two people familiar with the matter said.

The company has appointed Motilal Oswal Alternates Investment Advisors, Axis Capital and Nuvama Wealth Management as bankers for the process.

If it goes as planned, the company will file its draft papers for a listing by the end of this financial year, the people cited above said on the condition of anonymity.

Volatile equity markets and slowing capital flows due to the US-Iran war have forced several companies to defer or recalibrate their listing timelines this year.

The companies did not respond to Mint's reque...