The company plans to explore inorganic growth in larger markets such as the US, Brazil, and Turkey. Eightyfive percent of the issue is an offer-for-sale (OFS), valued at Rs 415.78 crore, to give an exit to existing investors.
Rishabh Instruments to Commence Rs 491-crore IPO on August 30th vervetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vervetimes.com Daily Mail and Mail on Sunday newspapers.
The IPO comprises a fresh issue of equity shares aggregating up to Rs 75 crore and an offer for sale (OFS) for up to 94.3 lakh equity shares by its promoter group shareholders and an existing investor, according to its draft red herring prospectus (DRHP).