New Delhi-based India Exposition Mart Ltd files DRHP for IPO
New Delhi-based India Exposition Mart Ltd files DRHP for IPO New Delhi-based India Exposition Mart Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The IPO, with a face value of Rs 5 per equity share, comprises a fresh issue of up to 7,500,000 equity shares and an offer-for-sale (OFS) of up to 23,000,000 equity shares. Individual selling shareholder includes Rakesh Kumar Sharma, Ravinder Kumar Passi and Meenakshi Passi, Vivek Vikas and Asha Ahlawat, Dinesh Kumar Aggarwal, Navratan Samdaria, Asha Goel, Esh Sharma, and Raj Kumar Malhotra. Corporate selling shareholder includes Vectra Investments Private Limited, and MIL Vehicles & Technologies Private Limited. The proceeds from its fresh issuance worth Rs 63.8 crore will be utilized for funding capital expenditure requirements of the company for upgradation of air handling units, chillers, cooling towers, lifts and escalators, ...