https://www.taxtmi.com/news?id=30961 Filing of a draft red herring prospectus initiates the company's IPO structured as a mix of a fresh issue and an offer for sale by promoters, with a reserved employee tranche and potential pre IPO placement in consultation with book running lead managers. The DRHP states the fresh issue proceeds will be applied primarily to reduce borrowings and general corporate purposes, with limited capital expenditure, and specifies the proposed face value per equity share. en-us Tue, 21 Jan 2025 17:16:03 +0530 Tue, 21 Jan 2025 17:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30961 Filing of a draft red herring prospectus initiates the company's IPO structured as a mix of a fresh issue and an offer for sale by promoters, with a reserved employee tranche and potential pre IPO placement in consultation with book running lead managers. The DRHP states the fresh issue proceeds will be applied primarily to reduce borrowings and general corporate purposes, with limited capital expenditure, and specifies the proposed face value per equity share. News - Tue, 21 Jan 2025 17:16:03 +0530 https://www.taxtmi.com/news?id=30961