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Gujarat Firms Eye IPO Funding Rush
1 Apr
Summary
- Two Gujarat-based companies filed draft IPO papers with Sebi.
- Cosmic PV Power aims to raise ₹640 crore via its IPO.
- Gujarat Victory Forgings plans an IPO with fresh and OFS shares.
Two companies based in Gujarat have taken steps towards public offerings by submitting draft red herring prospectuses to the Securities and Exchange Board of India (Sebi).
Surat-based Cosmic PV Power, a manufacturer of solar modules, intends to raise ₹640 crore through an initial public offering. This amount will be structured as a ₹540 crore fresh issue and a ₹100 crore offer for sale (OFS).
Concurrently, Vadodara-based Gujarat Victory Forgings, a manufacturer of non-ferrous metal products, has also filed its draft IPO papers. The offering will consist of a fresh issue of 65 lakh shares, alongside an OFS of 1.32 crore shares.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
