Integrum Energy Infrastructure has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of up to 49.50 lakh equity shares and an offer for sale (OFS) component of up to 5.40 lakh equity shares by promoters -- Shyam Sundar Maheshwari and Shipra Goel.
The net proceeds from the fresh issue will be used towards investment in a subsidiary, Integrum Green Assets, for financing the establishment of a 2 Mega Watt Peak (MWp) solar plant, funding working capital requirements of the company. Funds from the issue will also be used for inorganic growth through acquisitions & other strategic initiatives and general corporate purposes. Beeline Capital Advisors is the sole book running lead manager to the IPO.
Integrum Energy Infrastructure is engaged in the business of creating, developing and providing differentiated renewable energy solutions to our industrial and commercial clients, deploying, in particular, Solar, Wind and Hybrid installations that enable customers to minimise both their energy cost and carbon footprint.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4012.65 |
| Rail Vikas Nigam | 297.65 |
| NCC | 163.60 |
| KEC International | 560.70 |
| Kalpataru Projects | 1248.65 |
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