DRHP is a document that consists of the company's financial details, future prospects, and other key aspects regarding the business and is filed with the regulator to raise money essentially via public offerings of its shares.
The proposed public issue will comprise 2.04 crore shares with 1.47 crore fresh shares and an offer-for-sale (OFS) of 56.9 lakh shares by promoter Binod Kumar Agarwal, the draft paper showed. Offer for Sale means the promoters (owners) selling their shares to raise additional funds for the company.
Reportedly, the company had on December 28 last year filed the draft papers for an IPO of 1.67 crore equity shares and called it off later.
Promoter Agarwal holds 88.38 percent in the bulk packaging solutions company, the draft paper showed.
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Esta historia es de la edición March 24, 2024 de The Sunday Guardian.
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