Fujiyama Power files preliminary papers with Sebi to raise funds via IPO

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Fujiyama Power files preliminary papers with Sebi to raise funds via IPO - Business Standard

Quick Summary:

The IPO is a combination of a fresh issue of equity shares worth up to Rs 700 crore and an offer-for-sale (OFS) of up to 2 crore shares by promoters, according to Draft Red Herring Prospectus (DRHP) filed on December 28.

Greater-Noida-based Fujiyama Power Systems has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).

Under the OFS, one crore equity shares each will be offloaded by Pawan Kumar Garg and Yogesh Dua.