Milltec Machinery has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float its initial public offering (IPO). The IPO will see sale of up to 37,51,499 equity shares, amounting to 37.5 percent stake in the company, by Renuka Ramnath-led private equity firm Multiples Alternate Asset Management (Multiples PE) and promoters.
The objects of the offer are to achieve the benefits of listing equity shares on the stock exchanges and facilitate the sale of shares by the shareholders. Motilal Oswal Investment Advisors and IIFL Holdings are book running lead managers to the issue.
Milltec is a leading agro-processing equipment manufacturer in the country, with sales and distribution network in India and overseas. Its portfolio includes equipment to facilitate the processing of rice, pulses, wheat, seeds, and maize.
Company Name | CMP |
---|---|
BHEL | 283.35 |
Bharat Electronics | 224.85 |
Thermax | 4600.00 |
Kirloskar Oil Eng | 1084.90 |
Praj Industries | 501.95 |
View more.. |