Devi Seafoods files Rs 900-cr IPO papers
06/03/2018
Devi Seafoods on Monday filed draft papers with markets regulator Securities and Exchange Board of India (SEBI) to raise Rs 900 crore through an initial public offering, reported PTI. The IPO will see sale of shares by the company's promoters P Brahmanandam, P Suryavathi, P Rama Devi and N Naveena, as per the draft papers filed with Sebi. According to the company, the listing of equity shares will enhance its stability as well as brand image and provide liquidity to its existing shareholders. Axis Capital, ICICI Securities and Kotak Mahindra Capital Company will manage the company's public issue. The Andhra Pradesh-based Devi Seafoods is a leading producer of processed shrimp and shrimp feed. Last month, another seafood products exporter Sandhya Marines had filed preliminary papers with Sebi to float an initial public offer (IPO).
06/03/2018
Click Below
Devi Seafoods on Monday filed draft papers with markets regulator Securities and Exchange Board of India (SEBI) to raise Rs 900 crore through an initial public offering, reported PTI. The IPO will see sale of shares by the company's promoters P Brahmanandam, P Suryavathi, P Rama Devi and N Naveena, as per the draft papers filed with Sebi. According to the company, the listing of equity shares will enhance its stability as well as brand image and provide liquidity to its existing shareholders. Axis Capital, ICICI Securities and Kotak Mahindra Capital Company will manage the company's public issue. The Andhra Pradesh-based Devi Seafoods is a leading producer of processed shrimp and shrimp feed. Last month, another seafood products exporter Sandhya Marines had filed preliminary papers with Sebi to float an initial public offer (IPO).
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
