Balaji Solutions has filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
Proceeds from its fresh issuance worth Rs 86.60 crore will be utilised for funding incremental working capital requirements and general corporate purposes. IDBI Capital Markets and Securities and Affinity Global Capital Market are the books running lead managers. The equity shares are proposed to be listed on BSE and NSE.
Balaji Solutions is an IT hardware and peripherals and mobile accessories company engaged in the business of manufacturing and branding products under its flagship brand ‘Foxin’.
