JK Files & Engineering Ltd files DRHP for IPO

JK Files & Engineering Limited, a wholly owned material subsidiary of Raymond Limited ('the Company') has filed a Draft Red Herring Prospectus ('DRHP') dated December 08, 2021 with Securities & Exchange Board of India towards an Initial Public Offer ('IPO') comprising of an Offer for Sale ('OFS') for Rs. 800 Crore subject to such variation as permitted under applicable law. The IPO shall not have any fresh issuance of shares and will be undertaken subject to requisite regulatory approvals and market conditions.

Source : Equity Bulls

Keywords

JKFilesandEngineering IPO DRHP Subsidiary Raymond OFS