The IPO with a face value of Rs 2 consists of a fresh issue of up to Rs 200 crore and an offer for sale (OFS) of up to 9.13 million by the promoter and other selling shareholders.
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The IPO with a face value of Rs 2 consists of a fresh issue of up to Rs 200 crore and an offer for sale (OFS) of up to 9.13 million by the promoter and other selling shareholders.
Stanley Lifestyles: According to the information provided in the Draft Red Herring Prospectus (DRHP), as of that date, the Oman India Joint Investment Fund holds 13.86 million shares, or 26.86% of the Company and it plans to sell 5.54 million shares in the Offer for Sale (OFS).
The company may also consider a pre-IPO placement aggregating up to Rs 40 crore and if such placement is completed, the size of the fresh issue will be reduced.