FirstMeridian Business Services files fresh IPO papers; cuts size to ₹740 cr
Written by: Planify
Published: 30 January 2023
Updated: 19 March 2024
1 min read
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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