Investment Management and Financial Services Company Swyom Advisors Limited Files DRHP with BSE SME
Mumbai (Maharashtra) [India], October 9: Swyom Advisors Limited, a Mumbai-based company primarily engaged in investment management and finan...
Mumbai (Maharashtra) [India], October 9: Swyom Advisors Limited, a Mumbai-based company primarily engaged in investment management and financial services through its alternative investment fund management business, broking and related services, and business consulting services, has filed its Draft Red Herring Prospectus for its proposed listing on the SME Platform of BSE Limited (BSE SME) in preparation for its Initial Public Offering.
The IPO will comprise an offer of up to 50,00,000 equity shares with a face value of ₹ 10 each, comprising a Fresh Offer of up to 40,00,000 equity shares and an Offer for Sale of up to 10,00,000 equity shares by Promoter Selling Shareholders Mr. Radha Raman Agarwal and Mrs. Sweta Agarwal. The equity shares are proposed to be listed on the SME Platform of BSE Limited.
The company’s objectives include funding capital expenditure towards the purchase of additional office premises of up to ₹ 1,100.00 Lakhs, funding the hiring of manpower for the Sales and Research Division of up to ₹ 236.00 Lakhs, repayment or prepayment of borrowings of up to ₹ 456.25 Lakhs, general corporate purposes and funding the offer expenses.