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02-Apr-2024   16:02 Hrs IST Patel Retail files IPO papers with SEBI <p style="text-align: justify;">Supermarket chain Patel Retail has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO is a mix of a fresh issue of 90.18 lakh shares and an offer for sale (OFS) of up to 10.02 lakh shares of promoters.&nbsp;</p><p style="text-align: justify;">Proceeds from the fresh issuance to the tune of Rs 60 crore will be used for payment of debt Rs 115 crore for funding of working capital requirements of the company, besides a portion will be used for general corporate purposes. Fedex Securities is the sole book-running lead manager to the issue.&nbsp;</p><p style="text-align: justify;">Patel Retail was established in 2008, launching its inaugural store in Ambernath, Maharashtra. Since then, it has expanded its operations throughout the suburban regions of Thane and the Raigad district in Maharashtra. The company provides a diverse range of products including food, non-food items (FMCG), general merchandise, and apparel to meet the needs of families. It operates in tier-III cities and nearby suburban areas under the brand 'Patel's R Mart'.&nbsp;</p><div style="text-align: justify;"><br></div>
02-Apr-2024   12:26 Hrs IST Crizac files Rs 1,000 crore IPO papers with SEBI <p style="text-align: justify;">Crizac has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise as much as Rs 1,000 crore through an initial public offering (IPO)</p><p style="text-align: justify;">The IPO is entirely an offer for sale (OFS) by promoters, Pinky Agarwal and Manish Agarwal, with no fresh issue component. The OFS consists of sale of equity shares worth Rs 841 crore by Pinky Agarwal and up to Rs 159 crore by Manish Agarwal. The offer includes a reservation for subscription by eligible employees. Equirus Capital and Anand Rathi Advisors are the book-running lead managers to the issue.</p><p style="text-align: justify;">Crizac offers international student recruitment solutions to global institutions of higher education in the United Kingdom, Canada, the Republic of Ireland, Australia and New Zealand.&nbsp;</p><div style="text-align: justify;"><br></div>
28-Mar-2024   11:56 Hrs IST P N Gadgil Jewellers files Rs 1,100 crore IPO papers with SEBI
05-Mar-2024   15:09 Hrs IST Go Digit General Insurance gets Sebi's nod to float IPO
05-Mar-2024   15:01 Hrs IST Ceigall India files DRHP with SEBI
26-Feb-2024   14:19 Hrs IST Orient Technologies files DRHP with SEBI
14-Feb-2024   14:29 Hrs IST Gold Plus Glass Industry files IPO papers with SEBI
14-Feb-2024   12:38 Hrs IST Akums Drugs and Pharmaceuticals files DRHP with SEBI
06-Feb-2024   14:42 Hrs IST Indo Farm Equipment gets SEBI's nod for IPO
06-Feb-2024   14:32 Hrs IST CJ Darcl Logistics receives SEBI's approval to raise fund via IPO