Great sports infra set to file for IPO
The merchant banker would for the issue is Mumbai-based Pantomath, Mr Kumar said.
Hyderabad: Turnkey solutions provider Great Sports Infra plans to file the draft red herring prospectus by the end of this month with capital market regulator Sebi for initial public offering of '25 crore.
According to the company’s managing director Anil Kumar, about 15 per cent of the money raised would be used to provide partial exit to early investors, while the rest would be infused in the business to diversify its portfolio.
The merchant banker would for the issue is Mumbai-based Pantomath, Mr Kumar said.
Founded in 2004, the company, which had a turnover of over '68 crore in financial year 2017-18, wants to increase its presence to about 15 states.
Currently, the Hyderabad-based firm has about 90 staff in Hyderabad, New Delhi office and on site.