Devi Seafoods get Sebi’s nod for IPO 15/05/2018

Devi Seafoods get Sebi’s nod for IPO
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Devi Seafoods received capital markets regulator Sebi’s approval to float initial public offering, reported PTI. Devi Seafoods had filed its IPO papers in March and obtained Sebi’s “observations” on 11 May, latest update with markets regulator showed. Devi Seafoods’ IPO will see sale of shares by the company’s promoters P Brahmanandam, P Suryavathi, P Rama Devi and N Naveena, preliminary papers filed with Sebi showed. The public offer is expected to fetch Rs 900 crore, according to merchant banking sources. Axis Capital, ICICI Securities and Kotak Mahindra Capital Company will manage the company’s public issue.

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