Pennar Engineered gets SEBI approval for IPO

A report says that the company, a subsidiary of Hyderabad-based Pennar Industries, had filed its draft red herring prospectus (DRHP) with Sebi through its lead merchant banker, Motilal Oswal Investment Advisors.

Jul 14, 2015 11:07 IST India Infoline News Service

IPO
Pennar Engineered Building Systems has received approval from Sebi to float an initial public offer (IPO), according to reports.
A report says that the company had filed its draft red herring prospectus (DRHP) with Sebi through lead merchant banker, Motilal Oswal Investment Advisors.
Sebi issued its final observations on the draft offer documents on July 10.

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