IPO news- Rays Power Infra files IPO papers with Sebi
时间:2024-06-26 17:37:53 阅读(143)
Solar EPC company Rays Power Infra has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale.
The Initial Public Offering (IPO) comprises a fresh issuance of equity shares worth up to Rs 300 crore and an offer for sale component of up to 29.95 lakh shares by its promoters, according to the draft red herring prospectus (DRHP) filed on Dec 29.
The company may undertake a pre-IPO placement of its securities worth up to Rs 45 crore, or a secondary sale of up to 14.97 lakh shares by its promoters or a combination thereof.
If such placement is undertaken, then the amount will be reduced from the fresh issue and the offer-for-sale portion. Rays Power Infra proposes to utilise the net proceeds of the fresh issue for funding incremental working capital requirements and general corporate purposes, according to the draft documents.
Anand Rathi Advisors Ltd and Unistone Capital Pvt Ltd are the book running lead managers, while Bigshare Services Pvt Ltd is the registrar for the IPO.
The company’s equity shares are proposed to be listed on the BSE and the National Stock Exchange (NSE).
Established in 2011, Mumbai-based Rays Power Infra provides solar engineering, procurement and construction (EPC) services, catering to the increasing demand in the country.
It is also one of the leading integrated solar power companies in India with implementation of solar power projects of 1,207 megawatts peak (MWp). The company’s total income stood at Rs 890.51 crore and profit after tax at Rs 131.04 crore in 2022-23.
猜你喜欢
- NSE Bulk deals, January 3- MCX, Mangalam Cement, KHFM and other major deals that took place on Tuesday
- NSE FO ban- Ambuja Cements under ban on Thursday, February 2, 2023
- Year-Ender 2023- Securing the noose on cybersecurity
- Gold Price Today, 17 August 2022- Gold trades flat ahead of US Fed minutes; MCX support at Rs 51300
- Number of UHNWIs in India dip to 12,069 in 2022, to rise to 19,119 in 5 years- Knight Frank
- Oberoi Realty shares hit 52-week high today despite muted pre-sales; should you buy, sell or hold ORL stock-
- Global stocks rally, dollar drops as U
- Yes Bank share price plunges 4% despite lender’s Q1 profit jumping 50%; should you buy, hold or sell-
- Windfall tax for domestic crude oil reimposed; duty on export of diesel slashed