Azad Engineering files DRHP with SEBI to raise ₹740 crore via IPO; check details
Azad Engineering IPO comprises a fresh issue of up to ₹240 crore and an offer-for-sale of equity shares aggregating up to ₹500 crore
Azad Engineering Ltd has filed its draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI) to raise ₹740 crore through an initial public offering (IPO). The company's IPO comprises a fresh issue of up to ₹240 crore and an offer-for-sale (OFS) of equity shares aggregating up to ₹500 crore by a promoter and investors, according to the draft papers.
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