Nuziveedu Seeds has reportedly chosen five investment banks for its proposed initial public offering (IPO) that may raise up to Rs 8bn.
The Andhra Pradesh-based company has selected Goldman Sachs, IDFC Capital, Enam Securities, JM Financial and JPMorgan Chase for the IPO, which is expected to take place in the first half of 2012, according to reports.
The world’s third-largest producer of cotton seed had revenue of more than Rs 6bn last year, according to its website.
Nuziveedu is a unit of NSL Group, which also has business interests in Sugar, Textiles and Power.