FirstMeridian Business, IRM Energy, Lohia Corp get Sebi go-ahead to float IPOs
时间:2024-06-26 20:24:33 阅读(143)
Three companies — FirstMeridian Business Services Ltd, IRM Energy Ltd and Lohia Corp — have received capital markets regulator Sebi‘s go-ahead to raise funds through initial public offerings (IPOs). These firms, which filed their preliminary IPO papers with the markets regulator between September 2022 and January 2023, obtained the observation letters during February 21-24, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
In Sebi parlance, observation implies go-ahead to the company to float the initial share-sale. Going by the draft papers, staffing firm FirstMeridian Business Services Ltd’s Rs 740-crore IPO comprises fresh issuance of equity shares worth Rs 50 crore and an Offer-For-Sale (OFS) of Rs 690 crore.
The IPO of City gas distribution company IRM Energy is a fresh issue of up to 1.01 crore equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). Proceeds from the issue will be used to fund capital expenditure requirements for development of the city gas distribution network at Namakkal and Tiruchirapalli in Tamil Nadu, for payment of debt and other general corporate purposes.
According to merchant banking sources, the company is expected to fetch Rs 650-700 crore through the IPO. IRM Energy provides piped natural gas (PNG) and compressed natural gas (CNG). It has operations in states including Gujarat, Punjab and Tamil Nadu.
The initial share-sale of Lohia Corp, manufacturer of machinery used in the production of technical textiles, is entirely an OFS of 3.17 crore equity shares by promoters and other shareholders, draft documents showed. As of March 31, 2022, the company had a customer base comprising over 2,000 customers in over 90 countries globally.
Kanpur-based Lohia Corp is the manufacturer of machinery and equipment used in the production of technical textiles, in particular for manufacturing polypropylene and high-density polyethylene woven fabric and sacks. Shares of these three companies will be listed on the BSE and NSE.
上一篇:Nifty slips into consolidation, finds support at 14,500; Charts suggest Bank Nifty will underperform
猜你喜欢
- Tiruchirappalli International Airport- Kolam art, Srirangam Temple inspired interiors and more – A pictorial journey through new terminal building
- The missing elephant in the classroom
- Buy these two stocks for gains while Nifty forms bearish pattern on daily charts, support at 17500
- TVS Motor clocks robust growth in Q2; Should you buy, hold or sell TVS stock-
- Buy these two stocks for near term gains while Nifty reverses upside trend
- Buzzing stocks on 25 August- Jio Financial Services, Paytm, PI Industries, Kfin Technologies, Shoppers Stop
- Tripura to expand integrated teacher education programme across state colleges- CM
- Nifty Next 50 rejig- ACC, HDFC AMC, Nykaa to exit; PNB, Shriram Finance, TVS Motors, Zydus to make an entry
- Nifty opens above 17100, Sensex surges 350 pts on Fri, Mar 17; Adani Group stocks rise, TCS shares fall