Sabari Constructions Technologies Limited Filed DRHP With NSE Emerge
Mumbai (Maharashtra) [India], October 3: Sabari Constructions Technologies Limited, a Coimbatore-based integrated engineering, procurement a...
Mumbai (Maharashtra) [India], October 3: Sabari Constructions Technologies Limited, a Coimbatore-based integrated engineering, procurement and construction (EPC) and infra turnkey contracting company constructing buildings and infrastructure facilities for the healthcare, hospitality, residential, educational, railways, industrial and commercial sectors and for government projects, has filed its Draft Red Herring Prospectus with the Emerge Platform of the National Stock Exchange of India Limited (NSE Emerge) in preparation for its Initial Public Offering.
The IPO will comprise a Fresh Issue of up to 63,00,000 equity shares with a face value of ₹ 10 each, with no Offer for Sale component. The equity shares are proposed to be listed on the EMERGE Platform of the National Stock Exchange of India Limited.
The company’s objective is funding its working capital requirements of up to ₹ 16,004.64 Lakhs, and for general corporate purposes.