Blend Financial Services files DRHP with SEBI for IPO
Blend Financial Services today said that it has filed a Draft Red Herring Prospectus (DRHP) with SEBI for its initial public offering.
By PTI |
MUMBAI: Blend Financial Services, a diversified financial services company, today said that it has filed a Draft Red Herring Prospectus (DRHP) with SEBI for its initial public offering.
The IPO will comprise of 42,50,000 equity shares of Rs 10 each at a premium to be decided through the book-building process, a press release issued here stated.
The issue comprises a net issue to the public of 42,15,000 equity shares and a reservation of 35,000 equity shares for eligible employees of the company. The issue and the net issue shall constitute 25.31 per cent and 25.10 per cent of the post-issue paid-up equity capital of the company.
Promoted by Kailash Chandra Gupta, Ravi Gupta and Vaibhavi Mahendra Thakkar, Blend Financial Services is primarily focused on assisting Small and Medium Enterprises (SMEs) in financial planning and arranging debt as well as on offering investment banking services to corporate clients.
It is headquartered in Mumbai and has offices in Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, New Delhi and Pune in India. It also has an international presence through subsidiaries in Dubai and Hong Kong.
The IPO will comprise of 42,50,000 equity shares of Rs 10 each at a premium to be decided through the book-building process, a press release issued here stated.
The issue comprises a net issue to the public of 42,15,000 equity shares and a reservation of 35,000 equity shares for eligible employees of the company. The issue and the net issue shall constitute 25.31 per cent and 25.10 per cent of the post-issue paid-up equity capital of the company.
Promoted by Kailash Chandra Gupta, Ravi Gupta and Vaibhavi Mahendra Thakkar, Blend Financial Services is primarily focused on assisting Small and Medium Enterprises (SMEs) in financial planning and arranging debt as well as on offering investment banking services to corporate clients.
It is headquartered in Mumbai and has offices in Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, New Delhi and Pune in India. It also has an international presence through subsidiaries in Dubai and Hong Kong.
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