ESSEL Shyam Communication Ltd files DRHP with SEBI for IPO

ESSEL Shyam Communication Ltd has filed the Draft Red Herring Prospectus (DRHP) with SEBI for its forthcoming IPO. The company is planning to come out with an issue of 5500000 equity shares of Rs.10 each for cash at a price to be determined by 100% book building process. The issue also comprises 550000 equity shares to eligible employees of the company. The issue will constitute 27.78% of the fully diluted post-issue paidup capital of the company.

Keynote Corporate Services Ltd is the book running lead manager for this issue. Big Share Services Pvt Ltd will be the Registrar to the issue.

The website of the company is www.EsselShyam.net

Source : Equity Bulls

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