Hemani Industries plans Rs 2,000-crore IPO
About ₹130 crore of the issue proceeds will be used for funding the capacity expansion and ₹48 crore will be to retire loans. The company might consider a pre-IPO placement of up to ₹100 crore. JM Financial and Kotak Mahindra Capital are the book-...
By ET Bureau | Updated:
ETtech
Mumbai: Hemani Industries, a maker of agrochemicals and speciality chemicals, has filed its draft red herring prospectus with the Securities and Exchange Board of India for a ₹2,000 crore initial public offering.
The IPO consists of a fresh share issue aggregating up to ₹500 crore and an offer for sale by promoters for up to ₹1,500 crore.
About ₹130 crore of the issue proceeds will be used for funding the capacity expansion and ₹48 crore will be to retire loans. The company might consider a pre-IPO placement of up to ₹100 crore.
JM Financial and Kotak Mahindra Capital are the book-running lead managers for the proposed issue.
The IPO consists of a fresh share issue aggregating up to ₹500 crore and an offer for sale by promoters for up to ₹1,500 crore.
About ₹130 crore of the issue proceeds will be used for funding the capacity expansion and ₹48 crore will be to retire loans. The company might consider a pre-IPO placement of up to ₹100 crore.
JM Financial and Kotak Mahindra Capital are the book-running lead managers for the proposed issue.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
