Meir Commodities files draft papers with Sebi to raise funds through IPO

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Meir Commodities files draft papers with Sebi to raise funds through IPO - Business Standard

Quick Summary:

The Mumbai-based company's proposed IPO is a mix of fresh issues 52.94 lakh shares and an offer-for-sale (OFS) of 35.29 lakh shares by promoter Rahil Irfan Iqbal Shaikh, according to the draft red herring prospectus (DRHP) filed on Thursday.

Meir Commodities India Ltd has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public Offering (IPO).

Incorporated in 2018, Mier Commodities India is engaged in B2B trading of agricultural commodities, primarily sugar, khandsari, and sugar allied products.