Sarva Foam Industries Files DRHP For IPO, Fresh Issue To Fund New Manufacturing Facility And Cut Debt
Mumbai: Bhopal-based Sarva Foam Industries Limited has filed its Draft Red Herring Prospectus (DRHP) with market regulator SEBI for an initial public offering (IPO). The proposed IPO comprises a fresh issue of up to 54 lakh equity shares and an offer-for-sale (OFS) of up to 13.50 lakh shares by promoter Kunal Giani. The shares have a face value of Rs 5 each. Rs 90 Crore For New Facility Sarva…
Mumbai: B.S. Sponge Ltd, a steel manufacturer, has filed for an IPO with a target of ₹1,000 crore. The draft prospectus outlines the company's plans to combine a fresh equity issue with an offer for sale by its promoters. B.S. Sponge is involved in steel production across various stages, from sponge iron and semi-finished steel to finished products like thermo-mechanically treated bars and hot rolled coils.
The company's operations are supported by a 67-MW captive power plant. The IPO will be managed by ICICI Securities and Motilal Oswal Investment Advisors.
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