IRM Energy and Lohia Corp get Sebi nod to raise funds via IPO

Cadila Pharma-backed IRM Energy and Kanpur-
based Lohia Corp have received approval from
Sebi for initial public offering (IPO).
IRM Energys IPO is a complete fresh issue of up
to 10,100,000 equity shares with a face value of Rs
10 per equity share. Meanwhile, Lohia Corp's public issue is a complete offer-for-sale (OFS) of up to 31,695,000 equity shares
by existing shareholders with a face value of Re 1 per unit.