Supreet Chemicals files Rs 499 crore IPO with SEBI
Supreet Chemicals, based in Gujarat, plans to launch an IPO. The specialty chemical intermediates manufacturer has filed its draft prospectus with SEBI. The IPO aims to raise ₹499 crore through a fresh issue of shares. The company intends to use t...
By ET Bureau |
Mumbai: Gujarat-based Supreet Chemicals, a specialty chemical intermediates manufacturer, has filed a draft red herring prospectus (DRHP) with the Securities & Exchange Board of India for a ₹499 crore Initial Public Offering (IPO). The offer is entirely a fresh issue of shares.
The company will use the proceeds from the issue to finance a manufacturing facility, repayment of loan and for general corporate purposes.
The company will use the proceeds from the issue to finance a manufacturing facility, repayment of loan and for general corporate purposes.
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