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FirstMeridian Business Services files fresh IPO papers; cuts size to ₹740 cr
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FirstMeridian Business Services files fresh IPO papers; cuts size to ₹740 cr
30 January 2023
Staffing firm FirstMeridian Business Services Ltd has refiled preliminary papers with Sebi as it reduces its initial public offering (IPO) size to ₹740 crore from ₹800 crore planned earlier. It comprises fresh issuance of equity shares worth ₹500 crore and an Offer For Sale (OFS) of ₹690 crore, according to the Draft Red Herring Prospectus (DRHP) filed with Sebi on Friday.
Staffing firm FirstMeridian Business Services Ltd has refiled preliminary papers with Sebi as it reduces its initial public offering (IPO) size to ₹740 crore from ₹800 crore planned earlier. It comprises fresh issuance of equity shares worth ₹500 crore and an Offer For Sale (OFS) of ₹690 crore, according to the Draft Red Herring Prospectus (DRHP) filed with Sebi on Friday.
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