Public Market

IPO

Gujarat Polysol Chemicals files draft papers for Rs.414-Cr IPO

Economic Times  

Gujarat Polysol Chemicals has filed its draft papers with market regulator Sebi for an INR 414 crore IPO. The offer comprises a fresh issue of up to INR 87 crore and an offer for sale of equity shares worth INR 327 crore. The company proposes to utilise the net proceeds towards funding repayment or pre-payment, in full or in part, of all or certain borrowings, and for general corporate purposes. The company is a supplier of dispersing agents in the infra-tech, dye and pigments, and textile and leather industries. It also supplies powder surfactants. The book running lead manager of the issue is INGA Ventures Pvt Ltd.