Narmada Bio-Chem files DRHP with SEBI for IPO
28 September 2018
Ahmedabad-based chemical and organic fertilizer company Narmada Bio-Chem has filed its Draft Red Herring Prospectus (DRHP) with market regulator SEBI for seeking permission for an initial public offering (l PO) of 72 lakh equity shares. The IPO comprises a fresh issue of up to 54 lakh shares and an offer for sale of up to 18 lakh shares by Narmada Organics Private Limited. The company is going to use fresh issue proceeds towards funding the working capital requirements; and general corporate purposes. Narmada Bio-Chem is engaged in the manufacturing of various types of chemical and organic fertilizers. It also trades in chemical compounds and organic fertilisers.
Ahmedabad-based chemical and organic fertilizer company Narmada Bio-Chem has filed its Draft Red Herring Prospectus (DRHP) with market regulator SEBI for seeking permission for an initial public offering (l PO) of 72 lakh equity shares. The IPO comprises a fresh issue of up to 54 lakh shares and an offer for sale of up to 18 lakh shares by Narmada Organics Private Limited. The company is going to use fresh issue proceeds towards funding the working capital requirements; and general corporate purposes. Narmada Bio-Chem is engaged in the manufacturing of various types of chemical and organic fertilizers. It also trades in chemical compounds and organic fertilisers.
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