April 08, 2021
HNI investors have displayed extraordinary enthusiasm in the recent IPO frenzy but good times seem to be petering out - Getty Images/iStockphoto
HNI investors have displayed extraordinary enthusiasm in the recent IPO frenzy but good times seem to be petering out - Getty Images/iStockphoto×
Firm will use funds to reduce debt
Mumbai-based road and infrastructure operator Shrem Group is planning to raise ₹600 crore through an initial public offering of its Shrem Infrastructure Investment Trust (Shrem InvIT), which will open for subscription this month.
The IPO will be a fresh issue of 6 crore units of ₹100 each and the firm will use the proceeds to pare debt.