Ipo Papers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The company filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in December 2023.

The IPO comprises a fresh issue of up to Rs 160 crore and an offer for sale of up to 1 crore equity shares. Under the OFS, Peak XV Partners will sell 50 lakh shares, Bisque Ltd will offload 49 lakh shares and Link Investment Trust will give up 75,174 shares. The company proposes to utilise the net proceeds from the offer towards funding capital expenditure towards the establishment of new centers, working capital requirements, and general corporate purposes.

Those selling shares in the OFS include promoter Satish Mehta and investor BC Investments IV Ltd, an affiliate of US-based private equity major Bain Capital.

Omnichannel retailer FirstCry aims to raise $500-600 million from its public listing and is likely to file its draft IPO papers in the next few days. This and more in todays ETtech Top 5.

Azad Engineering is one of the key manufacturers of their qualified product lines supplying global original equipment manufacturers (OEMs) in the aerospace and defence, energy, and oil and gas industries, manufacturing highly engineered, complex, and mission and life-critical components.