BackBack Shiva Pharmachem files DRHP to raise ₹900 crore via IPO

Specialty chemicals manufacturer Shiva Pharmachem plans to raise ₹900 crore from the primary market and has filed preliminary papers for its maiden public issue. The Vadodara-based Shiva Pharmachem has filed its Draft Red Herring prospectus (DRHP) with the capital market regulator Securities & Exchange Board of India (SEBI) for an initial public offering (IPO).