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Asia

MP Steel files IPO papers; plans Rs 95 crore fresh issue, 23.07 lakh-share OFS

Markets-Economic Times · 2h ago · 🇮🇳 India

MP Steel files IPO papers; plans Rs 95 crore fresh issue, 23.07 lakh-share OFS

MP Steel Limited has submitted its Draft Red Herring Prospectus (DRHP) to SEBI as it prepares for its initial public offering. The company aims to generate capital via a fresh issuance of shares and an offer for sale. The funds raised will go towards establishing a new billet manufacturing facility, thereby boosting its backward integration.

Read the full story at Markets-Economic Times →

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