IPO filings drop by over 50% in FY23 amid unfavourable market conditions
Investors, too, are wary after companies that listed underperformed over the past 18 months.
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Investors, too, are wary after companies that listed underperformed over the past 18 months.
The company plans to raise up to Rs 300 crore through a fresh issue of shares and offer for sale of up to 8.94 million shares by its current promoter, Snehal Ravjibhai Patel.
The IPO will involve a fresh issue of Rs 275 crore and an offer for sale of up to 8.50 million shares by the company's existing shareholders and promoters.
Mumbai-based Rashi Peripherals Ltd also known as RPTech in known circles, has filed its Draft Red Herring Prospectus with the markets regulator, Securities and Exchange Board of India, to raise funds through an initial public offering.
Landmark Cars shares debut nearly 7% lower