J Infratech files IPO papers; eyes Rs 600 cr via fresh issue
J Infratech Ltd has submitted preliminary papers for an initial public offering valued at Rs 600 crore. The IPO includes a fresh issue and an offer for sale by its promoters. The Haryana-based firm, established in 2005, focuses on infrastructure projects such as roads and bridges. Proceeds from the IPO will support working capital and repay borrowings, among other corporate purposes.
Biscuit manufacturer Anmol Industries has filed draft documents with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) valued at up to ₹1,800 crore. The branded packaged foods company, which ranks fourth in India in terms of sales value for biscuits, is making its second attempt to go public.
The IPO will be an offer for sale (OFS) by the sole promoter, Baijnath Choudhary & Family Trust, and will not include any new issue component. This is Anmol Industries' second attempt to tap the public markets, with the company having filed a draft red herring prospectus for an IPO in June 2018, but ultimately not proceeding with the plan.
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