Star Agriwarehousing files IPO papers with Sebi, aims to raise Rs 450 cr

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Star Agriwarehousing files IPO papers with Sebi, aims to raise Rs 450 cr - Business Standard

Quick Summary:

The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 450 crore and an Offer-For-Sale (OFS) component of 2.69 crore equity shares by promoters and an investor, according to the draft red herring prospectus (DRHP) filed on Wednesday.

As part of the OFS, Claymore Investments (Mauritius) Pte, an indirect subsidiary of Temasek Holdings, is offering 1.19 crore equity shares through the OFS and the remaining 1.5 crore shares will be offloaded by promoters.

Star Agriwarehousing and Collateral Management Ltd, a tech-driven agricultural services firm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).