Devi Seafoods files papers for Rs 900 crore IPO
The Andhra Pradesh-based Devi Seafoods is a leading producer of processed shrimp and shrimp feed.
By PTI |
ThinkStock Photos
New Delhi: Leading seafood exporter Devi Seafoods today filed draft papers with markets regulator Sebi to raise Rs 900 crore through an initial public offering.
The IPO will see sale of shares by the company's promoters P Brahmanandam, P Suryavathi, P Rama Devi and N Naveena, as per the draft papers filed with Sebi.
According to the company, the listing of equity shares will enhance its stability as well as brand image and provide liquidity to its existing shareholders.
Axis Capital, ICICI Securities and Kotak Mahindra Capital Company will manage the company's public issue.
The Andhra Pradesh-based Devi Seafoods is a leading producer of processed shrimp and shrimp feed.
Last month, another seafood products exporter Sandhya Marines had filed preliminary papers with Sebi to float an initial public offer (IPO).
The IPO will see sale of shares by the company's promoters P Brahmanandam, P Suryavathi, P Rama Devi and N Naveena, as per the draft papers filed with Sebi.
According to the company, the listing of equity shares will enhance its stability as well as brand image and provide liquidity to its existing shareholders.
Axis Capital, ICICI Securities and Kotak Mahindra Capital Company will manage the company's public issue.
The Andhra Pradesh-based Devi Seafoods is a leading producer of processed shrimp and shrimp feed.
Last month, another seafood products exporter Sandhya Marines had filed preliminary papers with Sebi to float an initial public offer (IPO).
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
Related Articles
Fine Organic, Devi Seafoods get Sebi nod for IPOADVERTISEMENT
