(For IPO data and performance, please click on <IN/IPOMENU>)

MUMBAI, March 28 (Reuters) - India's Bharat Oman Refineries Ltd, an equal joint venture between state-run Bharat Petroleum Corp <BPCL.BO> and Oman Oil Co, will file for an initial public offer on Friday, four sources directly involved in the deal said.

The company is expected to file the papers by late afternoon, sources from Bharat Petroleum and bankers to the issue, who did not wish to be identified, told Reuters on Friday.

The company plans to sell a total of about 48 percent through the public offer and a pre-IPO placement to raise up to 25 billion rupees ($625 million), the sources said.

They said the company could sell a stake of more than 20 percent in a pre-IPO placement to financial investors.

"We are not talking to strategic investors any more and are keen on having financial investors," a company source said.

A spokesman for Bharat Petroleum could not be reached for a comment.

Bharat Oman Refineries is building a 120,000 barrels a day refinery at a cost of 104 billion rupees, and has secured loan funding of 64 billion rupees.

The refinery at Bina in the central Indian state of Madhya Pradesh is expected to be commissioned by the end of 2009.

SBI Capital Markets, Citibank <C.N> and ICICI Securities are among the arrangers of the issue, sources said. ($1= 40.1 Indian rupees) (Reporting by Hiral Vora and Narayan Somasundaram; Editing by John Mair)

(([email protected]; +91 22 6636 9244; Reuters Messaging: [email protected])) Keywords: BHARATOMAN IPO/