Six companies file initial papers with SEBI for IPO

India Infoline News Service | Mumbai | March 31, 2015 10:28 IST

Report said that six firms such as AGS Transact Technologies, S H Kelkar and Company, Shree Shubham Logistics, Precision Camshafts, Pennar Engineered Building Systems and SSIPL Retail have filed draft red herring prospectus (DRHP) with Sebi to float IPOs.

About six companies filed their initial papers with SEBI to raise at least Rs 2,000 crore through initial public offers (IPOs), according to reports.
Report said that six firms such as AGS Transact Technologies, S H Kelkar and Company, Shree Shubham Logistics, Precision Camshafts, Pennar Engineered Building Systems and SSIPL Retail have filed draft red herring prospectus (DRHP) with Sebi to float IPOs. 
These firms plan to utilise IPO proceeds for capacity expansion, loan repayment and working capital requirements, says report.
As per information available with Sebi, five companies filed their IPO papers this month, while one company had sought Sebi's approval in February. 
There are media reports that Uniparts India, VRL Logistics, PNC Infratech, ACB (India) Ltd and Shree Pushkar Chemicals and Fertilizers had obtained green signal from Sebi in February for IPOs. 


 

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